RDP 9703: The Implementation of Monetary Policy in Australia Equation (A1)

Δ r t = α + i = 1 K β i Δ r t i + i = 0 L γ i Δ r ¯ t i + λ r t 1 + ϕ r ¯ t 1 + ε t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam OCamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7aHjabgUcaRmaa qahabaGaeqOSdi2aaSbaaSqaaiaadMgaaeqaaOGaeuiLdqKaamOCam aaBaaaleaacaWG0bGaeyOeI0IaamyAaaqabaGccqGHRaWkdaaeWbqa aiabeo7aNnaaBaaaleaacaWGPbaabeaakiabfs5aejqadkhagaqeam aaBaaaleaacaWG0bGaeyOeI0IaamyAaaqabaaabaGaamyAaiabg2da 9iaaicdaaeaacaWGmbaaniabggHiLdGccqGHRaWkcqaH7oaBcaWGYb WaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiabew9a MjqadkhagaqeamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccq GHRaWkcqaH1oqzdaWgaaWcbaGaamiDaaqabaaabaGaamyAaiabg2da 9iaaigdaaeaacaWGlbaaniabggHiLdGccaGGSaaaaa@6B29@