RDP 9601: Why Does the Australian Dollar Move so Closely with the Terms of Trade? Equation (C6)

Δ q t =d+eΔto t t +fto t t1 +g q t1 + ε 2,t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaamyCamaaBaaaleaacaWG0baabeaakiabg2da9iaadsgacqGHRaWkcaWGLbGaeuiLdqKaamiDaiaad+gacaWG0bWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaamOzaiaadshacaWGVbGaamiDamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcaWGNbGaamyCamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaaGOmaiaacYcacaWG0baabeaaaaa@54F4@