RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (79)

0 = ζ t z t c t z t h c t 1 h E t { β ζ t + 1 c t + 1 z t + 1 h c t } λ t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaGimaiabg2 da9maalaaabaGaeqOTdO3aaSbaaSqaaiaadshaaeqaaOGaamOEamaa BaaaleaacaWG0baabeaaaOqaaiaadogadaWgaaWcbaGaamiDaaqaba GccaWG6bWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0IaamiAaiaadoga daWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaaaakiabgkHiTiaadI gacaWGfbWaaSbaaSqaaiaadshaaeqaaOWaaiWaaeaacqaHYoGydaWc aaqaaiabeA7a6naaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaaake aacaWGJbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiaadQha daWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeyOeI0IaamiAai aadogadaWgaaWcbaGaamiDaaqabaaaaaGccaGL7bGaayzFaaGaeyOe I0Iaeq4UdW2aaSbaaSqaaiaadshaaeqaaaaa@6232@