RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (46)

Y F , t = C F , t + I F , t + ψ F 2 ( Π F , t Π ¯ F 1 ) 2 Y F , t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamywamaaBa aaleaacaWGgbGaaiilaiaadshaaeqaaOGaeyypa0Jaam4qamaaBaaa leaacaWGgbGaaiilaiaadshaaeqaaOGaey4kaSIaamysamaaBaaale aacaWGgbGaaiilaiaadshaaeqaaOGaey4kaSYaaSaaaeaacqaHipqE daWgaaWcbaGaamOraaqabaaakeaacaaIYaaaamaabmaabaWaaSaaae aacqqHGoaudaWgaaWcbaGaamOraiaacYcacaWG0baabeaaaOqaaiqb fc6aqzaaraWaaWbaaSqabeaacaWGgbaaaaaakiabgkHiTiaaigdaai aawIcacaGLPaaadaahaaWcbeqaaiaaikdaaaGccaWGzbWaaSbaaSqa aiaadAeacaGGSaGaamiDaaqabaaaaa@553F@