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RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade?
Equation (Bj),j=1,…,4
Δ
q
t
=
α
0
+
α
1
t
+
∑
i
=
0
5
−
j
γ
i
Δ
t
o
t
t
−
i
+
∑
i
=
1
5
−
j
λ
i
Δ
q
t
−
i
+
χ
1
t
o
t
t
−
1
+
χ
2
q
t
−
1
+
ε
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam yCamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7aHnaaBaaaleaa caaIWaaabeaakiabgUcaRiabeg7aHnaaBaaaleaacaaIXaaabeaaki aadshacqGHRaWkdaaeWbqaaiabeo7aNnaaBaaaleaacaWGPbaabeaa kiabfs5aejaadshacaWGVbGaamiDamaaBaaaleaacaWG0bGaeyOeI0 IaamyAaaqabaGccqGHRaWkdaaeWbqaaiabeU7aSnaaBaaaleaacaWG Pbaabeaakiabfs5aejaadghadaWgaaWcbaGaamiDaiabgkHiTiaadM gaaeqaaOGaey4kaSIaeq4Xdm2aaSbaaSqaaiaaigdaaeqaaOGaamiD aiaad+gacaWG0bWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaaki abgUcaRiabeE8aJnaaBaaaleaacaaIYaaabeaakiaadghadaWgaaWc baGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeqyTdu2aaSbaaS qaaiaadshaaeqaaOGaaiilaaWcbaGaamyAaiabg2da9iaaigdaaeaa caaI1aGaeyOeI0IaamOAaaqdcqGHris5aaWcbaGaamyAaiabg2da9i aaicdaaeaacaaI1aGaeyOeI0IaamOAaaqdcqGHris5aaaa@79C2@