RDP 9705: The Response of the Current Account to Terms of Trade Shocks: A Panel-data Study
Equation (9)
p
t
A
t
=
{
p
A
(
1
+
ε
)
f
o
r
t
=
0
,
1
,
…
,
τ
p
A
f
o
r
t
=
τ
+
1
,
τ
+
2
,
…
.
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