Skip to content
RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (32)
ν
1
u
=
1
ℓ
i
(
S
+
+
ϕ
)
[
ℓ
y
(
ϕ
−
(
π
^
+
n
)
)
+
(
ρ
e
b
^
−
t
)
D
^
(
α
n
(
ρ
−
θ
)
e
b
^
−
m
^
S
+
+
n
−
1
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqyXdu3aa0 baaSqaaiaaigdaaeaacaWG1baaaOGaeyypa0ZaaSaaaeaacaaIXaaa baGaeS4eHW2aaSbaaSqaaiaadMgaaeqaaOGaaiikaiaacohadaahaa WcbeqaaiabgUcaRaaakiabgUcaRiabew9aMjaacMcaaaGaai4waiab loriSnaaBaaaleaacaWG5baabeaakiaacIcacqaHvpGzcqGHsislca GGOaGafqiWdaNbaKaacqGHRaWkcaWGUbGaaiykaiaacMcacqGHRaWk daWcaaqaaiaacIcacqaHbpGCcaGGLbWaaWbaaSqabeaaceWGIbGbaK aaaaGccqGHsislcaWG0bGaaiykaaqaaiqadseagaqcaaaacaGGOaGa eqySde2aaSaaaeaacaWGUbGaaiikaiabeg8aYjabgkHiTiabeI7aXj aacMcacaWGLbWaaWbaaSqabeaaceWGIbGbaKaacqGHsislceWGTbGb aKaaaaaakeaacaWGZbWaaWbaaSqabeaacqGHRaWkaaGccqGHRaWkca WGUbaaaiaaigdacaGGPaGaaiyxaaaa@6C50@