Leith, Campbell B. (contributor); … - 2007
and/or the terms of trade to capture the sectoral composition of aggregates.
We derive optimal policy analytically before … individual sectors, or it can proxy sec-
toral differences by including terms in relative sector prices and/or the terms
of trade … into two sub-types depending on whether or not
they are produced at home or abroad. (Subscript T,H denotes goods trade …