RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime
Equation
d
Θ
/
d
σ
u
2
<
0
if
,
and
only
if
,
σ
x
2
<
V
1
/
(
β
4
+
β
1
β
3
)
2
ε
.
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