RDP 2013-10: Stochastic Terms of Trade Volatility in Small Open Economies
Equation (33)
v
a
r
(
q
t
)
=
exp
(
2
σ
q
+
2
χ
2
)
1
−
ρ
q
2
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaciODaiaacg gacaGGYbWaaeWaaeaacaWGXbWaaSbaaSqaaiaadshaaeqaaaGccaGL OaGaayzkaaaccaGae8xpa0ZaaSaaaeaaieGacaGFLbGaa4hEaiaa+b hadaqadaqaaiaaikdacqaHdpWCdaWgaaWcbaGaamyCaaqabaGccqGH RaWkcaaIYaGaeq4Xdm2aaWbaaSqabeaacaaIYaaaaaGccaGLOaGaay zkaaaabaGaaGymaiabgkHiTiabeg8aYnaaDaaaleaacaWGXbaabaGa aGOmaaaaaaaaaa@4F2F@