RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (A5)
w
˙
(
t
)
=
2
T
[
w
^
(
t
)
−
w
(
t
)
]
+
π
^
(
t
)
+
π
(
t
)
−
π
*
(
t
)
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