RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade?
Equation (3)
t
o
t
t
=
α
+
δ
.
t
+
∑
i
=
1
p
β
i
t
o
t
t
−
i
+
u
t
for
p
=
1
,
2
,
…
.
,
8
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