RDP 2005-02: The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data Equation (2)

Δ e [ t , t + k ] = α + β Δ i t s + ε t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaamyzamaaBaaaleaadaWadaqaaiaadshacaGGSaGaamiDaiabgUcaRiaadUgaaiaawUfacaGLDbaaaeqaaOGaeyypa0JaeqySdeMaey4kaSIaeqOSdiMaeuiLdqKaamyAamaaDaaaleaacaWG0baabaGaam4CaaaakiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaaaaa@4C32@