RDP 2013-09: Terms of Trade Shocks and Incomplete Information
Equation (24)
[
Δ
s
t
h
t
]
︸
L
t
=
[
1
−
1
1
0
0
1
]
︸
C
[
z
t
z
t
−
1
g
t
]
︸
X
t
+
[
0
0
0
0
0
1
]
︸
D
[
ε
t
z
ε
t
g
ε
t
h
]
︸
U
t
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