RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (21)

κ ˜ t = ( 1 ρ κ ) κ + ρ κ κ ˜ t 1 + ε κ , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGafqOUdSMbaG aadaWgaaWcbaGaamiDaaqabaGccqGH9aqpdaqadaqaaiaaigdacqGH sislcqaHbpGCdaWgaaWcbaGaeqOUdSgabeaaaOGaayjkaiaawMcaai abeQ7aRjabgUcaRiabeg8aYnaaBaaaleaacqaH6oWAaeqaaOGafqOU dSMbaGaadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaS IaeqyTdu2aaSbaaSqaaiabeQ7aRjaacYcacaWG0baabeaaaaa@51A9@