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RDP 2013-10: Stochastic Terms of Trade Volatility in Small Open Economies
Equation (9)
C
t
H
=
ω
H
(
e
q
t
P
t
T
)
−
η
C
t
T
;
C
t
F
=
(
1
−
ω
H
)
(
1
P
t
T
)
−
η
C
t
T
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