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RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime
Equation
[
1
ε
(
θ
-
1
)
β
4
+
β
1
β
3
β
4
β
2
+
β
1
(
α
+
1
)
]
[
y
p
]
=
[
u
(
1
+
ε
)
−
εx
β
4
(
κ
+
η
)
+
β
4
β
2
(
ξ
+
υ
)
+
β
1
(
δ
-
τ
)
]
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