RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (7)

ln V ˜ t = ρ V ln V ˜ t 1 + u t V MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaciiBaiaac6 gaceWGwbGbaGaadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcqaHbpGC daWgaaWcbaGaamOvaaqabaGcciGGSbGaaiOBaiqadAfagaacamaaBa aaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkcaWG1bWaa0ba aSqaaiaadshaaeaacaWGwbaaaaaa@474C@