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RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade?
Equation (C10)
π
t
d
i
f
f
=
−
0.308
+
0.629
8
i
t
−
2
d
i
f
f
−
0.293
8
i
t
−
3
d
i
f
f
−
0.307
8
i
t
−
4
d
i
f
f
+
0.125
8
i
t
−
6
d
i
f
f
+
0.526
ε
3
,
t
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