RDP 8608: Exchange Rate Regimes and the Volatility,of Financial Prices: The Australian Case
Equation (5)
E
[
(
Y
t
+
k
−
E
t
(
Y
t
+
k
)
)
(
Y
t
+
k
−
E
t
(
Y
t
+
k
)
)
′
]
=
A
0
ϕ
A
′
0
+
…
+
A
k
−
1
ϕ
A
′
k
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyraiaacU facaGGOaGaaiywamaaBaaaleaacaWG0bGaey4kaSIaam4AaaqabaGc cqGHsislcaGGfbWaaSbaaSqaaiaadshaaeqaaOGaaiikaiaacMfada WgaaWcbaGaamiDaiabgUcaRiaadUgaaeqaaOGaaiykaiaacMcacaGG OaGaaiywamaaBaaaleaacaWG0bGaey4kaSIaam4AaaqabaGccqGHsi slcaGGfbWaaSbaaSqaaiaadshaaeqaaOGaaiikaiaacMfadaWgaaWc baGaamiDaiabgUcaRiaadUgaaeqaaOGaaiykaiqacMcagaqbaiaac2 facqGH9aqpcaGGbbWaaSbaaSqaaiaaicdaaeqaaOGaeqy1dyMabmyq ayaafaWaaSbaaSqaaiaaicdaaeqaaOGaey4kaSIaeSOjGSKaey4kaS IaamyqamaaBaaaleaacaWGRbGaeyOeI0IaaGymaaqabaGccqaHvpGz ceWGbbGbauaadaWgaaWcbaGaam4AaiabgkHiTiaaigdaaeqaaaaa@654F@