RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through Equation

w c,t i = ∑ j=0 11 M c,t−j i ∑ C ∑ j=0 11 M c,t−j i MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4DamaaDaaaleaacaWGJbGaaiilaiaadshaaeaacaWGPbaaaOGaeyypa0ZaaSaaaeaadaaeWaqaaiaad2eadaqhaaWcbaGaam4yaiaacYcacaWG0bGaeyOeI0IaamOAaaqaaiaadMgaaaaabaGaamOAaiabg2da9iaaicdaaeaacaaIXaGaaGymaaqdcqGHris5aaGcbaWaaabeaeaadaaeWaqaaiaad2eadaqhaaWcbaGaam4yaiaacYcacaWG0bGaeyOeI0IaamOAaaqaaiaadMgaaaaabaGaamOAaiabg2da9iaaicdaaeaacaaIXaGaaGymaaqdcqGHris5aaWcbaGaam4yaaqab0GaeyyeIuoaaaaaaa@577D@