RDP 2015-11: Unprecedented Changes in the Terms of Trade: Online Appendix
Equation
C
t
=
[
γ
T
,
t
1
η
C
T
,
t
η
−
1
η
+
γ
N
,
t
1
η
C
N
,
t
η
−
1
η
]
η
η
−
1
C
T
,
t
=
C
H
,
t
γ
H
C
F
,
t
γ
F
γ
H
γ
H
γ
F
γ
F
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