Skip to content
RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade?
Equation (B5)
Δ
q
t
=
α
0
+
α
1
t
+
γ
0
Δ
t
o
t
t
+
χ
1
t
o
t
t
−
1
+
χ
2
q
t
−
1
+
ε
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaamyCamaaBaaaleaacaWG0baabeaakiabg2da9iabeg7aHnaaBaaaleaacaaIWaaabeaakiabgUcaRiabeg7aHnaaBaaaleaacaaIXaaabeaakiaadshacqGHRaWkcqaHZoWzdaWgaaWcbaGaaGimaaqabaGccqqHuoarcaWG0bGaam4BaiaadshadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaHhpWydaWgaaWcbaGaaGymaaqabaGccaWG0bGaam4BaiaadshadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeq4Xdm2aaSbaaSqaaiaaikdaaeqaaOGaamyCamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaamiDaaqabaaaaa@5EC0@