RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation
U
(
C
t
,
L
H
,
t
,
L
N
,
t
,
L
X
,
t
)
=
ln
(
C
t
−
h
C
t
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1
)
−
∈
t
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+
ν
[
ξ
H
L
H
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ω
+
ξ
N
L
N
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ω
+
ξ
X
L
X
,
t
1
+
ω
]
1
+
ν
1
+
ω
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