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RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation
W
i
min
(
τ
)
,
T
A
T
+
∫
ο
T
B
[
W
i
(
τ
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+
∫
ο
t
π
(
τ
+
s
)
d
s
−
P
(
τ
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−
π
^
t
=
W
^
]
2
d
t
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