RDP 2016-10: The Effect of Consumer Sentiment on Consumption Equation (7)

log (m v_{i t}) = α_{i} + \sum_{j = - T_{0}}^{T_{1}} δ_{j} d_{t} + \sum_{j = - T_{0}, j \neq T_{τ}}^{T_{1}} β_{j} (d_{t} \times A L P_{i}^{τ}) + ε_{i, t}