RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (3)
K
H
,
t
+
1
=
(
1
−
δ
)
K
H
,
t
+
V
t
[
1
−
ϒ
(
I
h
,
t
I
h
,
t
−
1
)
]
J
H
,
t
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