RDP 8906: A Random Walk Around the $A: Expectations, Risk, Interest Rates and Consequences for External Imbalance
Equation (9)
E
δ=βxEδ
2
−
β
(
β+1
)
2
x
2
Eδ
3
+
β
(
β+1
)
(
β+2
)
6
x
3
Eδ
4
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiyraiaabs 7acaqG9aGaaeOSdiaabIhacaqGfbGaaeiTdmaaCaaaleqabaGaaGOm aaaaiiaakiab=jHiTmaalaaabaGaaeOSdmaabmaabaGaaeOSdiaabU cacaqGXaaacaGLOaGaayzkaaaabaGaaGOmaaaacaqG4bWaaWbaaSqa beaacaaIYaaaaOGaaeyraiaabs7adaahaaWcbeqaaiaaiodaaaGccq GHRaWkdaWcaaqaaiaabk7adaqadaqaaiaabk7acaqGRaGaaeymaaGa ayjkaiaawMcaamaabmaabaGaaeOSdiaabUcacaqGYaaacaGLOaGaay zkaaaabaGaaGOnaaaacaqG4bWaaWbaaSqabeaacaaIZaaaaOGaaeyr aiaabs7adaahaaWcbeqaaiaaisdaaaGccaGGUaaaaa@5AA5@