RDP 2013-09: Terms of Trade Shocks and Incomplete Information Equation (7)

t = 1 β t ( ln C t A L N t 1 + φ 1 + φ ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaabCaeaacqaHYoGydaahaaWcbeqaaiaadshaaaGcdaqadaqaaiGacYgacaGGUbGaam4qamaaBaaaleaacaWG0baabeaakiabgkHiTiaadgeadaWgaaWcbaGaamitaaqabaGcdaWcaaqaaiaad6eadaqhaaWcbaGaamiDaaqaaiaaigdacqGHRaWkcqaHgpGAaaaakeaacaaIXaGaey4kaSIaeqOXdOgaaaGaayjkaiaawMcaaaWcbaGaamiDaiabg2da9iaaigdaaeaacqGHEisPa0GaeyyeIuoaaaa@5017@