RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation
Γ
H
,
t
(
i
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=
P
H
,
t
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i
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Y
H
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t
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i
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−
(
W
H
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t
L
H
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t
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+
R
H
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t
K
K
H
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−
ψ
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2
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P
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t
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P
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t
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−
1
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2
P
H
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t
Y
H
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t
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