RDP 8705: The Economics of International Policy Coordination Equation

m_{T} = \frac{β_{1} + α μ γ_{1} - μ γ_{1}^{θ}}{β_{1} + α μ γ_{1}} w_{T} + \frac{θ β_{1}}{β_{1} + α μ γ_{1}} q_{0} + \frac{μ γ_{1}^{θ}}{β_{1} + α μ γ_{1}} p_{T - 1}^{c}