RDP 2013-10: Stochastic Terms of Trade Volatility in Small Open Economies
Equation (6)
C
t
T
≡
[
ω
H
1
η
(
C
t
H
)
η
−
1
η
+
(
1
−
ω
H
)
1
η
(
C
t
F
)
η
−
1
η
]
η
η
−
1
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