RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime Equation (5)

y= β 1 r+ β 2 ( e+pfp )+g+η; MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyEaiaad2 dacqGHsislcaqGYoWaaSbaaSqaaiaaigdaaeqaaOGaaeOCaiaadUca caqGYoWaaSbaaSqaaiaaikdaaeqaaOWaaeWaaeaacaqGLbGaey4kaS IaaeiCaiaabAgacqGHsislcaqGWbaacaGLOaGaayzkaaGaey4kaSIa ae4zaiaadUcacaqG3oGaae4oaaaa@4A1F@