Skip to content
RDP 2017-03: Financialisation and the Term Structure of Commodity Risk Premiums
Equation (7)
R
c
,
m
,
t
=
α
+
β
∗
I
n
d
e
x
c
+
γ
∗
P
o
s
t
03
t
+
θ
∗
I
n
d
e
x
c
∗
P
o
s
t
03
t
+
ω
∗
N
H
P
c
,
t
+
φ
∗
M
a
r
k
e
t
m
,
t
+
ϑ
∗
M
a
r
k
e
t
m
,
t
∗
I
n
d
e
x
c
+
ρ
∗
M
a
r
k
e
t
m
,
t
∗
P
o
s
t
03
t
+
τ
∗
M
a
r
k
e
t
m
,
t
∗
I
n
d
e
x
c
∗
P
o
s
t
03
t
+
ε
i
,
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@BAD8@