RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (45)
Y
H
,
t
=
C
H
,
t
+
C
H
,
t
*
+
I
H
,
t
+
ψ
H
2
(
Π
H
,
t
Π
¯
H
−
1
)
2
Y
H
,
t
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