RBA Annual Conference – 2018 Equation (A1)

( r E − r C )( 1− ∑ j α j )= ∑ t { ∑ i∈ S t ( r A,i − r t ) β i − ∑ j∈ S t ( r L,j − r t ) α j + ∑ i∈ S t ( r t − r C ) β i − ∑ j∈ S t ( r t − r C ) α j }