U dictionaries Edx Saga Tik Tiki gma trn 2 + T ng chn kch thc : Problem 3 Decompose the (log) real exchange rate as: 9t = st + px - Pt, = s + (ap* + (1 a)p]*] -- [op! + (1 - a)p], (se + P- p] + a[(pV+ p*) (p p)). It yt Now assume the prices of traded goods are really prices of composite commodity: the traded good, and non-traded distribution service: p] = yp? + (1 - Y) and p# * = yp** + (1 - 1) Show that 2+ == (st + pflv - p.) + 1 -7 ? [(pN* p?*) (p^ p)]. W U dictionaries Edx Saga Tik Tiki gma trn 2 + T ng chn kch thc : Problem 3 Decompose the (log) real exchange rate as: 9t = st + px - Pt, = s + (ap* + (1 a)p]*] -- [op! + (1 - a)p], (se + P- p] + a[(pV+ p*) (p p)). It yt Now assume the prices of traded goods are really prices of composite commodity: the traded good, and non-traded distribution service: p] = yp? + (1 - Y) and p# * = yp** + (1 - 1) Show that 2+ == (st + pflv - p.) + 1 -7 ? [(pN* p?*) (p^ p)]. W