RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia
Equation (B2)
Δ
t
o
t
t
=
α
t
o
t
−
0.146
(
3.35
)
t
o
t
t
−
1
+
0.139
(
1.24
)
Δ
t
o
t
t
−
1
+
0.266
(
2.37
)
Δ
t
o
t
t
−
2
+
0.328
(
2.80
)
Δ
t
o
t
t
−
3
+
ε
t
t
o
t
R
¯
2
=
0.225
σ
^
=
1.914
%
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