RDP 2010-07: Monetary Policy and the Exchange Rate: Evaluation of VAR Models Equation (6)

ν x , t * = ρ x * ν x , t 1 * + ε x , t * MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqyVd42aa0baaSqaaiaadIhacaGGSaGaamiDaaqaaiaacQcaaaGccqGH9aqpcqaHbpGCdaqhaaWcbaGaamiEaaqaaiaacQcaaaGccqaH9oGBdaqhaaWcbaGaamiEaiaacYcacaWG0bGaeyOeI0IaaGymaaqaaiaacQcaaaGccqGHRaWkcqaH1oqzdaqhaaWcbaGaamiEaiaacYcacaWG0baabaGaaiOkaaaaaaa@4CD4@