RDP 2016-10: The Effect of Consumer Sentiment on Consumption Equation (6)

s p e n d i n g i , t = δ t + ϕ e x p e c t i , t + j γ j X i , j , t + ε i , j , t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4CaiaadchacaWGLbGaamOBaiaadsgacaWGPbGaamOBaiaadEgadaWgaaWcbaGaamyAaiaacYcacaWGQbaabeaakiabg2da9iabes7aKnaaBaaaleaacaWG0baabeaakiabgUcaRiabew9aMjaadwgacaWG4bGaamiCaiaadwgacaWGJbGaamiDamaaBaaaleaacaWGPbGaaiilaiaadshaaeqaaOGaey4kaSYaaabeaeaacqaHZoWzdaWgaaWcbaGaamOAaaqabaGccaWHybWaaSbaaSqaaiaadMgacaGGSaGaamOAaiaacYcacaWG0baabeaakiabgUcaRiabew7aLnaaBaaaleaacaWGPbGaaiilaiaadQgacaGGSaGaamiDaaqabaaabaGaamOAaaqab0GaeyyeIuoaaaa@61DC@