RDP 2016-10: The Effect of Consumer Sentiment on Consumption Equation (5)

Δ p ¯ j , t p o s Δ p ¯ j , t n e g = 1 N i = 1 N ω i [ p ^ i , j , t p o s ( A L P i = 1 ) p ^ i , j , t n e g ( A L P i = 1 ) ] 1 N i = 1 N ω i [ p ^ i , j , t p o s ( A L P i = 0 ) p ^ i , j , t n e g ( A L P i = 0 ) ] MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9EE0@