RDP 2005-11: A Small Model of the Australian Macroeconomy: An Update
Equation (2)
Δ
r
e
r
t
=
γ
1
+
γ
2
(
r
e
r
t
−
1
−
γ
3
t
o
t
t
−
1
−
γ
4
(
r
t
−
1
−
r
t
−
1
f
)
)
+
γ
5
Δ
s
t
−
3
U
S
+
γ
6
D
t
r
e
r
+
γ
7
Δ
p
t
c
o
m
+
ω
t
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