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RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (30)
Y
t
*
=
Z
t
(
1
+
z
*
)
t
Y
˜
t
*
ln
(
Y
˜
t
*
)
=
ρ
Y
*
ln
(
Y
˜
t
*
)
+
u
t
*
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