RDP 8702: Open Market Operations in Australia: A U.S. Perspective
Equation (A3)
[
α
1
α
2
]
=
1
Δ
[
m
1
(
ψ
3
m
1
+
ψ
5
)
σ
e
2
σ
u
2
+
m
2
(
ψ
3
m
2
+
ψ
7
)
σ
e
2
σ
w
2
+
ψ
3
σ
e
2
σ
x
2
ψ
4
(
ψ
3
m
1
+
ψ
5
)
σ
e
2
σ
u
2
+
ψ
5
(
ψ
5
m
2
+
ψ
7
)
σ
e
2
σ
w
2
+
ψ
6
2
σ
e
2
σ
δ
2
]
=
1
Δ
[
ψ
3
σ
e
2
σ
x
2
ψ
6
σ
e
2
σ
δ
2
]
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