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RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (29)
Δ
=
n
ℓ
i
[
ϕ
(
1
−
ξ
)
+
η
(
π
^
+
n
)
(
ℓ
y
−
(
ρ
e
b
^
−
t
)
(
D
ο
−
t
)
D
^
2
)
]
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