RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Equation (A5)

Δp m t = α pm − 0.170 ( 2.04 ) ( p m t−1 −w p t−1 +ne r t−1 )− 0.633 ( 17.69 ) Δne r t − 0.135 ( 2.97 ) Δne r t−1 + 0.646 ( 3.60 ) Δw p t − 0.001 ( 2.56 ) t+ ε t pm MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaGabeaacqqHuo arcaWGWbGaamyBamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7a HnaaBaaaleaacaWGWbGaamyBaaqabaGccqGHsisldaWfqaqaaiaaic dacaGGUaGaaGymaiaaiEdacaaIWaaaleaadaqadaqaaiaaikdacaGG UaGaaGimaiaaisdaaiaawIcacaGLPaaaaeqaaOWaaeWaaeaacaWGWb GaamyBamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHsisl caWG3bGaamiCamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccq GHRaWkcaWGUbGaamyzaiaadkhadaWgaaWcbaGaamiDaiabgkHiTiaa igdaaeqaaaGccaGLOaGaayzkaaGaeyOeI0YaaCbeaeaacaaIWaGaai OlaiaaiAdacaaIZaGaaG4maaWcbaWaaeWaaeaacaaIXaGaaG4naiaa c6cacaaI2aGaaGyoaaGaayjkaiaawMcaaaqabaGccqqHuoarcaWGUb GaamyzaiaadkhadaWgaaWcbaGaamiDaaqabaGccqGHsisldaWfqaqa aiaaicdacaGGUaGaaGymaiaaiodacaaI1aaaleaadaqadaqaaiaaik dacaGGUaGaaGyoaiaaiEdaaiaawIcacaGLPaaaaeqaaOGaeuiLdqKa amOBaiaadwgacaWGYbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabe aaaOqaaiabgUcaRmaaxababaGaaGimaiaac6cacaaI2aGaaGinaiaa iAdaaSqaamaabmaabaGaaG4maiaac6cacaaI2aGaaGimaaGaayjkai aawMcaaaqabaGccqqHuoarcaWG3bGaamiCamaaBaaaleaacaWG0baa beaakiabgkHiTmaaxababaGaaGimaiaac6cacaaIWaGaaGimaiaaig daaSqaamaabmaabaGaaGOmaiaac6cacaaI1aGaaGOnaaGaayjkaiaa wMcaaaqabaGccaWG0bGaey4kaSIaeqyTdu2aa0baaSqaaiaadshaae aacaWGWbGaamyBaaaaaaaa@9875@