RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts Equation (33)

\begin{array}{l} \int_{ο}^{\infty} y (t) d t = \frac{n η}{Δ} [({\hat{π}}_{1} - {\hat{π}}_{ο}) + \frac{α (θ - ρ) e^{{\hat{b}}_{1} - {\hat{m}}_{1}}}{ℓ_{i}}] ({\hat{b}}_{1} - {\hat{b}}_{ο}) \\ for {\hat{π}}_{1} < {\hat{π}}^{c} \end{array}