RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade? Equation (4)

to t t =α+δt+ i=1 5 β i to t ti + u t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiDaiaad+gacaWG0bWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySdeMaey4kaSIaeqiTdqMaamiDaiabgUcaRmaaqahabaGaeqOSdi2aaSbaaSqaaiaadMgaaeqaaOGaamiDaiaad+gacaWG0bWaaSbaaSqaaiaadshacqGHsislcaWGPbaabeaakiabgUcaRiaadwhadaWgaaWcbaGaamiDaaqabaaabaGaamyAaiabg2da9iaaigdaaeaacaaI1aaaniabggHiLdaaaa@526B@