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RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (18)
Trace=
(
1
−
ξ
)
ℓ
i
−
ϕ
+
η
ℓ
y
ℓ
i
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeivaiaabk hacaqGHbGaae4yaiaabwgacaqG9aWaaSaaaeaadaqadaqaaiaaigda cqGHsislcqaH+oaEaiaawIcacaGLPaaaaeaacqWItecBdaWgaaWcba GaamyAaaqabaaaaOGaeyOeI0Iaeqy1dyMaey4kaSYaaSaaaeaacqaH 3oaAcqWItecBdaWgaaWcbaGaamyEaaqabaaakeaacqWItecBdaWgaa WcbaGaamyAaaqabaaaaaaa@4C90@