RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (A3)
Δ
n
t
p
t
=
α
n
t
p
−
0.056
(
4.92
)
(
n
t
p
t
−
1
−
0.915
(
10.53
)
n
t
u
l
c
t
−
1
−
(
1
−
0.915
)
p
m
t
−
1
)
+
0.291
(
2.29
)
Δ
p
t
−
1
+
0.118
(
5.82
)
(
y
t
−
1
−
y
t
−
1
p
)
+
ε
t
n
t
p
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