RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation
m
˙
=
(
π
˜
+
n
)
(
1
+
m
˜
−
m
)
−
(
π
˜
+
n
)
=
(
π
˜
+
n
)
(
m
˜
−
m
)
for
m
ℓ
(
y
˜
)
<
m
<
m
u
(
y
˜
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaaceWGTb GbaiaacqGH9aqpcaGGOaGafqiWdaNbaGaacqGHRaWkcaGGUbGaaiyk aiaacIcacaaIXaGaey4kaSIabiyBayaaiaGaeyOeI0IaaiyBaiaacM cacqGHsislcaGGOaGafqiWdaNbaGaacqGHRaWkcaGGUbGaaiykaiab g2da9iaacIcacuaHapaCgaacaiabgUcaRiaac6gacaGGPaGaaiikai qac2gagaacaiabgkHiTiaac2gacaGGPaaabaGaaiOzaiaac+gacaGG YbGaaGPaVlaac2gadaWgaaWcbaGaeS4eHWgabeaakiaacIcaceGG5b GbaGaacaGGPaGaeyipaWJaaiyBaiabgYda8iaac2gadaWgaaWcbaGa amyDaaqabaGccaGGOaGabiyEayaaiaGaaiykaaaaaa@6381@