RDP 9508: Are Terms of Trade Rises Inflationary? Equation (A3.1)

ΔGD P t =a+ ∑ j=1 4 b j ΔGD P t−j + ∑ j=0 7 c j ΔTO T t−j + ∑ j=0 7 d j ΔRTW I t−j + ∑ j=2 6 e j RB R t−j MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam 4raiaadseacaWGqbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0Jaamyy aiabgUcaRmaaqahabaGaamOyamaaBaaaleaacaWGQbaabeaaaeaaca WGQbGaeyypa0JaaGymaaqaaiaaisdaa0GaeyyeIuoakiabfs5aejaa dEeacaWGebGaamiuamaaBaaaleaacaWG0bGaeyOeI0IaamOAaaqaba GccqGHRaWkdaaeWbqaaiaadogadaWgaaWcbaGaamOAaaqabaaabaGa amOAaiabg2da9iaaicdaaeaacaaI3aaaniabggHiLdGccqqHuoarca WGubGaam4taiaadsfadaWgaaWcbaGaamiDaiabgkHiTiaadQgaaeqa aOGaey4kaSYaaabCaeaacaWGKbWaaSbaaSqaaiaadQgaaeqaaaqaai aadQgacqGH9aqpcaaIWaaabaGaaG4naaqdcqGHris5aOGaeuiLdqKa amOuaiaadsfacaWGxbGaamysamaaBaaaleaacaWG0bGaeyOeI0Iaam OAaaqabaGccqGHRaWkdaaeWbqaaiaadwgadaWgaaWcbaGaamOAaaqa baaabaGaamOAaiabg2da9iaaikdaaeaacaaI2aaaniabggHiLdGcca WGsbGaamOqaiaadkfadaWgaaWcbaGaamiDaiabgkHiTiaadQgaaeqa aaaa@7A4D@