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RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (23)
π
(
t
)
−
π
^
=
ν
1
u
y
(
0
)
.
e
S
−
t
y
(
t
)
=
y
(
0
)
.
e
S
−
t
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