RDP 2005-02: The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data Equation (1)

Δ e [ t 10 m , t + 60 m ] = α + β Δ i t s + ε t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaamyzamaaBaaaleaadaWadaqaaiaadshacqGHsislcaaIXaGaaGimaiaad2gacaGGSaGaamiDaiabgUcaRiaaiAdacaaIWaGaamyBaaGaay5waiaaw2faaaqabaGccqGH9aqpcqaHXoqycqGHRaWkcqaHYoGycqqHuoarcaWGPbWaa0baaSqaaiaadshaaeaacaWGZbaaaOGaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaaaa@5102@