RDP 9703: The Implementation of Monetary Policy in Australia
Equation (A1)
Δ
r
t
=
α
+
∑
i
=
1
K
β
i
Δ
r
t
−
i
+
∑
i
=
0
L
γ
i
Δ
r
¯
t
−
i
+
λ
r
t
−
1
+
ϕ
r
¯
t
−
1
+
ε
t
,
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