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 * MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGzb Waa0baaSqaaiaadshaaeaacaGGQaaaaOGaeyypa0JaamOwamaaBaaa leaacaWG0baabeaakmaabmaabaGaaGymaiabgUcaRiaadQhadaahaa WcbeqaaiaacQcaaaaakiaawIcacaGLPaaadaahaaWcbeqaaiaadsha aaGcceWGzbGbaGaadaqhaaWcbaGaamiDaaqaaiaacQcaaaaakeaaci GGSbGaaiOBamaabmaabaGabmywayaaiaWaa0baaSqaaiaadshaaeaa caGGQaaaaaGccaGLOaGaayzkaaGaeyypa0JaeqyWdi3aa0baaSqaai aadMfaaeaacaGGQaaaaOGaciiBaiaac6gadaqadaqaaiqadMfagaac amaaDaaaleaacaWG0baabaGaaiOkaaaaaOGaayjkaiaawMcaaiabgU caRiaadwhadaqhaaWcbaGaamiDaaqaaiaacQcaaaaaaaa@597B@