RDP 2008-08: The Role of International Shocks in Australia’s Business Cycle
Equation (5)
r
t
=
ρ
r
r
t
−
1
+
(
1
−
ρ
r
)
[
ϕ
1
π
t
+
ϕ
2
y
t
]
+
ε
r
,
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaBa aaleaacaWG0baabeaakiabg2da9iabeg8aYnaaBaaaleaacaWGYbaa beaakiaadkhadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey 4kaSYaaeWaaeaacaaIXaGaeyOeI0IaeqyWdi3aaSbaaSqaaiaadkha aeqaaaGccaGLOaGaayzkaaWaamWaaeaacqaHvpGzdaWgaaWcbaGaaG ymaaqabaGccqaHapaCdaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH vpGzdaWgaaWcbaGaaGOmaaqabaGccaWG5bWaaSbaaSqaaiaadshaae qaaaGccaGLBbGaayzxaaGaey4kaSIaeqyTdu2aaSbaaSqaaiaadkha caGGSaGaamiDaaqabaaaaa@5992@