RDP 9301: The Response of Australian Stock, Foreign Exchange and Bond Markets to Foreign Asset Returns and Volatilities Equation (3)

Δ i A , t = β F , t [ Δ i G e r , t Δ i J a p , t Δ i U K , t Δ i U S , t ] + δ t Δ i A , t 1 + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam yAamaaBaaaleaacaWGbbGaaiilaiaadshaaeqaaOGaeyypa0JaeqOS di2aa0baaSqaaiaadAeacaGGSaGaamiDaaqaaiabgEHiQaaakmaadm aabaqbaeqabeabaaaabaGaeuiLdqKaamyAamaaBaaaleaacaWGhbGa amyzaiaadkhacaGGSaGaamiDaaqabaaakeaacqqHuoarcaWGPbWaaS baaSqaaiaadQeacaWGHbGaamiCaiaacYcacaWG0baabeaaaOqaaiab fs5aejaadMgadaWgaaWcbaGaamyvaiaadUeacaGGSaGaamiDaaqaba aakeaacqqHuoarcaWGPbWaaSbaaSqaaiaadwfacaWGtbGaaiilaiaa dshaaeqaaaaaaOGaay5waiaaw2faaiabgUcaRiabes7aKnaaDaaale aacaWG0baabaGaey4fIOcaaOGaeuiLdqKaamyAamaaBaaaleaacaWG bbGaaiilaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiabew7aLn aaDaaaleaacaWG0baabaGaey4fIOcaaaaa@6C97@