RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (125)

0 = τ F * , t τ F * , t 1 Δ s t π t * ( 1 + z * ) π t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaGimaiabg2 da9maalaaabaGaeqiXdq3aaSbaaSqaaiaadAeacaGGQaGaaiilaiaa dshaaeqaaaGcbaGaeqiXdq3aaSbaaSqaaiaadAeacaGGQaGaaiilai aacshacqGHsislcaaIXaaabeaaaaGccqGHsisldaWcaaqaaiabfs5a ejaadohadaWgaaWcbaGaamiDaaqabaGccqaHapaCdaqhaaWcbaGaam iDaaqaaiaacQcaaaGcdaqadaqaaiaaigdacqGHRaWkcaWG6bWaaWba aSqabeaacaGGQaaaaaGccaGLOaGaayzkaaaabaGaeqiWda3aaSbaaS qaaiaadshaaeqaaaaaaaa@53B8@