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RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation (77)
Γ
F
,
t
=
(
P
F
,
t
−
ς
S
t
P
t
*
)
Y
F
,
t
(
i
)
−
ψ
F
2
(
P
F
,
t
(
i
)
Π
¯
F
P
F
,
t
−
1
(
i
)
−
1
)
2
P
F
,
t
Y
F
,
t
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