Skip to content
RDP 2013-10: Stochastic Terms of Trade Volatility in Small Open Economies
Equation (10)
C
t
T
=
ω
t
(
P
t
T
P
t
)
−
ϑ
C
t
;
C
t
N
T
=
(
1
−
ω
T
)
(
P
t
N
T
P
t
)
−
ϑ
C
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qamaaDa aaleaacaWG0baabaGaamivaaaaiiaakiab=1da9iabeM8a3naaBaaa leaacaWG0baabeaakmaabmaabaWaaSaaaeaacaWGqbWaa0baaSqaai aadshaaeaacaWGubaaaaGcbaGaamiuamaaBaaaleaacaWG0baabeaa aaaakiaawIcacaGLPaaadaahaaWcbeqaaiabgkHiTiabeg9akbaaki aadoeadaWgaaWcbaGaamiDaaqabaGccaGG7aGaam4qamaaDaaaleaa caWG0baabaGaamOtaiaadsfaaaGccqWF9aqpdaqadaqaaiaaigdacq GHsislcqaHjpWDdaWgaaWcbaGaamivaaqabaaakiaawIcacaGLPaaa daqadaqaamaalaaabaGaamiuamaaDaaaleaacaWG0baabaGaamOtai aadsfaaaaakeaacaWGqbWaaSbaaSqaaiaadshaaeqaaaaaaOGaayjk aiaawMcaamaaCaaaleqabaGaeyOeI0Iaeqy0dOeaaOGaam4qamaaBa aaleaacaWG0baabeaaaaa@5F80@