RDP 2008-08: The Role of International Shocks in Australia’s Business Cycle
Equation (4)
q
t
=
E
t
q
t
+
1
+
(
r
t
−
E
t
π
t
+
1
)
−
(
r
t
*
−
E
t
π
t
+
1
*
)
+
U
q
,
t
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