RDP 9201: The Impact of Real And Nominal Shocks on Australian Real Exchange Rates
Equation
Z
(
α
)
=
T
(
α
^
−
1
)
−
1
2
(
σ
^
T
I
2
−
s
^
2
)
T
−
2
Σ
(
y
t
−
y
¯
)
2
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