RDP 2015-11: Unprecedented Changes in the Terms of Trade Equation

E 0 { t = 0 β t ζ t [ log ( C t h C t 1 ) ε L , t L t 1 + ν 1 + ν ] } MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaaBa aaleaacaaIWaaabeaakmaacmaabaWaaabCaeaacqaHYoGydaahaaWc beqaaiaadshaaaGccqaH2oGEdaWgaaWcbaGaamiDaaqabaaabaGaam iDaiabg2da9iaaicdaaeaacqGHEisPa0GaeyyeIuoakmaadmaabaGa aeiBaiaab+gacaqGNbWaaeWaaeaacaWGdbWaaSbaaSqaaiaadshaae qaaOGaeyOeI0IaamiAaiaadoeadaWgaaWcbaGaamiDaiabgkHiTiaa igdaaeqaaaGccaGLOaGaayzkaaGaeyOeI0IaeqyTdu2aaSbaaSqaai aadYeacaGGSaGaamiDaaqabaGcdaWcaaqaaiaadYeadaqhaaWcbaGa amiDaaqaaiaaigdacqGHRaWkcqaH9oGBaaaakeaacaaIXaGaey4kaS IaeqyVd4gaaaGaay5waiaaw2faaaGaay5Eaiaaw2haaaaa@61B4@