RDP 8702: Open Market Operations in Australia: A U.S. Perspective
Equation (A2)
[
α
1
α
2
]
=
[
ψ
3
2
σ
e
2
+
ψ
4
2
σ
u
2
+
ψ
5
2
σ
w
2
+
ψ
6
2
σ
δ
2
ψ
3
σ
e
2
−
m
1
ψ
4
σ
u
2
+
m
2
ψ
5
σ
w
2
ψ
3
σ
e
2
−
m
1
ψ
4
σ
u
2
+
m
2
ψ
5
σ
w
2
m
1
2
σ
u
2
+
m
2
2
σ
w
2
+
σ
e
2
+
σ
x
2
]
−
1
[
ψ
2
ψ
3
σ
e
2
ψ
2
σ
e
2
]
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