RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Equation (B1)

Δw y t = α wy 0.094 ( 3.07 ) ( w y t1 w y t1 trend )+ 0.425Δ ( 3.90 ) w y t1 + 0.125Δ ( 1.12 ) w y t2 + 0.200Δ ( 1.85 ) w y t3 + ε t wy R ¯ 2 =0.374 σ ^ =0.520% MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaGabeaacqqHuo arcaWG3bGaamyEamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7a HnaaBaaaleaacaWG3bGaamyEaaqabaGccqGHsisldaWfqaqaaiaaic dacaGGUaGaaGimaiaaiMdacaaI0aaaleaadaqadaqaaiaaiodacaGG UaGaaGimaiaaiEdaaiaawIcacaGLPaaaaeqaaOWaaeWaaeaacaWG3b GaamyEamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHsisl caWG3bGaamyEamaaDaaaleaacaWG0bGaeyOeI0IaaGymaaqaaiaads hacaWGYbGaamyzaiaad6gacaWGKbaaaaGccaGLOaGaayzkaaGaey4k aSYaaCbeaeaacaaIWaGaaiOlaiaaisdacaaIYaGaaGynaiabfs5aeb WcbaWaaeWaaeaacaaIZaGaaiOlaiaaiMdacaaIWaaacaGLOaGaayzk aaaabeaakiaadEhacaWG5bWaaSbaaSqaaiaadshacqGHsislcaaIXa aabeaakiabgUcaRmaaxababaGaaGimaiaac6cacaaIXaGaaGOmaiaa iwdacqqHuoaraSqaamaabmaabaGaaGymaiaac6cacaaIXaGaaGOmaa GaayjkaiaawMcaaaqabaGccaWG3bGaamyEamaaBaaaleaacaWG0bGa eyOeI0IaaGOmaaqabaaakeaacqGHRaWkdaWfqaqaaiaaicdacaGGUa GaaGOmaiaaicdacaaIWaGaeuiLdqealeaadaqadaqaaiaaigdacaGG UaGaaGioaiaaiwdaaiaawIcacaGLPaaaaeqaaOGaam4DaiaadMhada WgaaWcbaGaamiDaiabgkHiTiaaiodaaeqaaOGaey4kaSIaeqyTdu2a a0baaSqaaiaadshaaeaacaWG3bGaamyEaaaaaOqaauaabeqabiaaae aaceWGsbGbaebadaahaaWcbeqaaiaaikdaaaGccqGH9aqpcaaIWaGa aiOlaiaaiodacaaI3aGaaGinaaqaaiqbeo8aZzaajaGaeyypa0JaaG imaiaac6cacaaI1aGaaGOmaiaaicdacaGGLaaaaaaaaa@9B42@