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RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (51)
0
=
−
Λ
t
+
E
t
{
β
Λ
t
+
1
(
1
+
R
t
*
)
P
t
S
t
+
1
P
t
+
1
S
t
}
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