RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix Equation (78)

0 = Π F , t Π F ( Π F , t Π F 1 ) + θ F 1 ψ θ F ψ ς S t P t * E t { β Λ t + 1 Λ t T F , t + 1 T F , t Y F , t + 1 Y F , t ( Π F , t + 1 Π F 1 ) Π F , t + 1 Π F } MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaGimaiabg2 da9maalaaabaGaeuiOda1aaSbaaSqaaiaadAeacaGGSaGaamiDaaqa baaakeaacqqHGoaudaahaaWcbeqaaiaadAeaaaaaaOWaaeWaaeaada Wcaaqaaiabfc6aqnaaBaaaleaacaWGgbGaaiilaiaadshaaeqaaaGc baGaeuiOda1aaWbaaSqabeaacaWGgbaaaaaakiabgkHiTiaaigdaai aawIcacaGLPaaacqGHRaWkdaWcaaqaaiabeI7aXnaaBaaaleaacaWG gbaabeaakiabgkHiTiaaigdaaeaacqaHipqEaaGaeyOeI0YaaSaaae aacqaH4oqCdaWgaaWcbaGaamOraaqabaaakeaacqaHipqEaaGaeqOW dyLaam4uamaaBaaaleaacaWG0baabeaakiaadcfadaqhaaWcbaGaam iDaaqaaiaacQcaaaGccqGHsislcaWGfbWaaSbaaSqaaiaadshaaeqa aOWaaiWaaeaacqaHYoGydaWcaaqaaiabfU5amnaaBaaaleaacaWG0b Gaey4kaSIaaGymaaqabaaakeaacqqHBoatdaWgaaWcbaGaamiDaaqa baaaaOWaaSaaaeaacaWGubWaaSbaaSqaaiaadAeacaGGSaGaamiDai abgUcaRiaaigdaaeqaaaGcbaGaamivamaaBaaaleaacaWGgbGaaiil aiaadshaaeqaaaaakmaalaaabaGaamywamaaBaaaleaacaWGgbGaai ilaiaadshacqGHRaWkcaaIXaaabeaaaOqaaiaadMfadaWgaaWcbaGa amOraiaacYcacaWG0baabeaaaaGcdaqadaqaamaalaaabaGaeuiOda 1aaSbaaSqaaiaadAeacaGGSaGaamiDaiabgUcaRiaaigdaaeqaaaGc baGaeuiOda1aaWbaaSqabeaacaWGgbaaaaaakiabgkHiTiaaigdaai aawIcacaGLPaaadaWcaaqaaiabfc6aqnaaBaaaleaacaWGgbGaaiil aiaadshacqGHRaWkcaaIXaaabeaaaOqaaiabfc6aqnaaCaaaleqaba GaamOraaaaaaaakiaawUhacaGL9baaaaa@8E4F@