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RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime
Equation
θ
-
1
=
{
E
(
pu
)
−
E
(
px
)
}
/
σ
2
p
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiUdiaad2 cacaaIXaGaeyypa0ZaaiWaaeaacaqGfbWaaeWaaeaacaqGWbGaaeyD aaGaayjkaiaawMcaaiabgkHiTiaabweadaqadaqaaiaabchacaqG4b aacaGLOaGaayzkaaaacaGL7bGaayzFaaGaai4laiaabo8adaahaaWc beqaaiaaikdaaaGcdaWgaaWcbaGaaeiCaaqabaGccaGGUaaaaa@4A0A@