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RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade?
Equation (15)
E
R
t
,
k
=
α
+
β
E
t
(
E
R
t
,
k
)
+
ε
t
,
k
=
4
,
8
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaaqaaiaadweacaWGsbWaaSbaaSqaaiaadshacaGGSaGaam4AaaqabaGccqGH9aqpcqaHXoqycqGHRaWkcqaHYoGycaWGfbWaaSbaaSqaaiaadshaaeqaaOWaaeWaaeaacaWGfbGaamOuamaaBaaaleaacaWG0bGaaiilaiaadUgaaeqaaaGccaGLOaGaayzkaaGaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaOGaaiilaaqaaiaadUgacqGH9aqpcaaI0aGaaiilaiaaiIdacaGGSaaaaaaa@50C9@