RDP 9508: Are Terms of Trade Rises Inflationary?
Equation (A2.2)
Δ
p
=
(
α
+
γ
χ
σ
)
.
(
Δ
p
−
Δ
q
+
Δ
T
O
T
)
+
(
β
+
γ
χ
μ
)
.
(
Δ
p
−
Δ
q
)
+
γ
χ
(
π
+
ϕ
(
y
−
y
N
)
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam iCaiabg2da9maabmaabaGaeqySdeMaey4kaSIaeq4SdCMaeq4XdmMa eq4WdmhacaGLOaGaayzkaaGaaiOlamaabmaabaGaeuiLdqKaamiCai abgkHiTiabfs5aejaadghacqGHRaWkcqqHuoarcaWGubGaam4taiaa dsfaaiaawIcacaGLPaaacqGHRaWkdaqadaqaaiabek7aIjabgUcaRi abeo7aNjabeE8aJjabeY7aTbGaayjkaiaawMcaaiaac6cadaqadaqa aiabfs5aejaadchacqGHsislcqqHuoarcaWGXbaacaGLOaGaayzkaa Gaey4kaSIaeq4SdCMaeq4Xdm2aaeWaaeaacqaHapaCcqGHRaWkcqaH vpGzdaqadaqaaiaadMhacqGHsislcaWG5bWaaSbaaSqaaiaad6eaae qaaaGccaGLOaGaayzkaaaacaGLOaGaayzkaaaaaa@70BB@