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RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (A6)
w
˙
(
t
)
=
2
T
(
ρ
1
−
ρ
)
(
y
(
t
)
−
y
(
t
)
)
+
(
π
^
(
t
)
−
π
*
(
t
)
)
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