RDP 2013-10: Stochastic Terms of Trade Volatility in Small Open Economies
Equation (17)
π
t
N
T
=
P
t
N
T
Y
t
N
T
−
W
t
L
t
N
T
−
R
t
N
T
K
t
N
T
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aa0 baaSqaaiaadshaaeaacaWGobGaamivaaaaiiaakiab=1da9iaadcfa daqhaaWcbaGaamiDaaqaaiaad6eacaWGubaaaOGaamywamaaDaaale aacaWG0baabaGaamOtaiaadsfaaaGccqGHsislcaWGxbWaaSbaaSqa aiaadshaaeqaaOGaamitamaaDaaaleaacaWG0baabaGaamOtaiaads faaaGccqGHsislcaWGsbWaa0baaSqaaiaadshaaeaacaWGobGaamiv aaaakiaadUeadaqhaaWcbaGaamiDaaqaaiaad6eacaWGubaaaaaa@51EA@