RDP 2016-10: The Effect of Consumer Sentiment on Consumption
Equation (9)
Δ
h
log
(
m
v
i
,
t
+
h
)
=
α
h
+
β
h
A
L
P
i
2007
+
∑
j
γ
j
X
i
,
j
,
h
+
ϕ
h
Δ
h
log
(
i
n
c
i
,
t
+
h
)
+
ε
i
,
h
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