Skip to content
RDP 2013-10: Stochastic Terms of Trade Volatility in Small Open Economies
Equation (5)
C
t
≡
[
ω
T
1
ϑ
(
C
t
T
)
ϑ
−
1
ϑ
+
(
1
−
ω
T
)
1
ϑ
(
C
t
N
T
)
ϑ
−
1
ϑ
]
ϑ
ϑ
−
1
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@63C9@