Skip to content
RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime
Equation
(
(
1
/
(
1
+
γ
)
)
2
σ
2
up
and
(
β
4
+
β
1
β
3
)
2
σ
2
ud
,
respectively
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaauaabeqabmaaaeaadaqadaqaamaabeaabaGaaGymaaGaayjkaaGa ai4lamaabmaabaGaaGymaiabgUcaRiaabo7aaiaawIcacaGLPaaaai aawIcacaGLPaaadaahaaWcbeqaaiaaikdaaaGccaqGdpWaaWbaaSqa beaacaaIYaaaaOWaaSbaaSqaaiaabwhacaqGWbaabeaaaOqaaiaabg gacaqGUbGaaeizaaqaamaabmaabaGaaeOSdmaaBaaaleaacaqG0aaa beaakiaadUcacaqGYoWaaSbaaSqaaiaabgdaaeqaaOGaaeOSdmaaBa aaleaacaqGZaaabeaaaOGaayjkaiaawMcaamaaCaaaleqabaGaaGOm aaaakiaabo8adaahaaWcbeqaaiaaikdaaaGcdaWgaaWcbaGaaeyDai aabsgaaeqaaOGaaiilaaaaaeaacaqGYbGaaeyzaiaabohacaqGWbGa aeyzaiaabogacaqG0bGaaeyAaiaabAhacaqGLbGaaeiBaiaabMhaca GGUaaaaaaa@60C7@