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RBA Annual Conference – 2015
Equation (1)
Pr
(
y
i
g
t
=
1
|
H
E
i
,
t
−
1
,
x
i
,
t
−
1
)
=
Φ
(
β
1
H
E
i
,
t
−
1
+
γ
x
i
,
t
−
1
+
δ
g
+
ω
t
)
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