RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Equation (B5)

Δw p t = α wp 0.125 ( 2.44 ) ( w p t1 w p t1 trend )+ 0.336 ( 2.64 ) Δw p t1 0.012 ( 0.10 ) Δw p t2 + 0.355 ( 2.83 ) Δw p t3 + ε t wp R ¯ 2 =0.180 σ ^ =0.825% MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaGabeaacqqHuo arcaWG3bGaamiCamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7a HnaaBaaaleaacaWG3bGaamiCaaqabaGccqGHsisldaWfqaqaaiaaic dacaGGUaGaaGymaiaaikdacaaI1aaaleaadaqadaqaaiaaikdacaGG UaGaaGinaiaaisdaaiaawIcacaGLPaaaaeqaaOWaaeWaaeaacaWG3b GaamiCamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHsisl caWG3bGaamiCamaaDaaaleaacaWG0bGaeyOeI0IaaGymaaqaaiaads hacaWGYbGaamyzaiaad6gacaWGKbaaaaGccaGLOaGaayzkaaGaey4k aSYaaCbeaeaacaaIWaGaaiOlaiaaiodacaaIZaGaaGOnaaWcbaWaae WaaeaacaaIYaGaaiOlaiaaiAdacaaI0aaacaGLOaGaayzkaaaabeaa kiabfs5aejaadEhacaWGWbWaaSbaaSqaaiaadshacqGHsislcaaIXa aabeaakmaaxababaGaaGimaiaac6cacaaIWaGaaGymaiaaikdaaSqa amaabmaabaGaaGimaiaac6cacaaIXaGaaGimaaGaayjkaiaawMcaaa qabaGccqqHuoarcaWG3bGaamiCamaaBaaaleaacaWG0bGaeyOeI0Ia aGOmaaqabaaakeaacqGHRaWkdaWfqaqaaiaaicdacaGGUaGaaG4mai aaiwdacaaI1aaaleaadaqadaqaaiaaikdacaGGUaGaaGioaiaaioda aiaawIcacaGLPaaaaeqaaOGaeuiLdqKaam4DaiaadchadaWgaaWcba GaamiDaiabgkHiTiaaiodaaeqaaOGaey4kaSIaeqyTdu2aa0baaSqa aiaadshaaeaacaWG3bGaamiCaaaaaOqaauaabeqabiaaaeaaceWGsb GbaebadaahaaWcbeqaaiaaikdaaaGccqGH9aqpcaaIWaGaaiOlaiaa igdacaaI4aGaaGimaaqaaiqbeo8aZzaajaGaeyypa0JaaGimaiaac6 cacaaI4aGaaGOmaiaaiwdacaGGLaaaaaaaaa@9A19@