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RBA Annual Conference – 2015
Equation (6)
j
i
t
+
n
¯
−
j
i
t
≡
(
y
i
t
+
n
¯
−
α
k
k
i
t
+
n
¯
−
α
l
l
i
t
+
n
¯
)
−
(
y
i
t
−
α
k
k
i
t
−
α
l
l
i
t
)
.
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