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RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime
Equation (5)
y
=
−
β
1
r
+
β
2
(
e
+
pf
−
p
)
+
g
+
η;
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyEaiaad2 dacqGHsislcaqGYoWaaSbaaSqaaiaaigdaaeqaaOGaaeOCaiaadUca caqGYoWaaSbaaSqaaiaaikdaaeqaaOWaaeWaaeaacaqGLbGaey4kaS IaaeiCaiaabAgacqGHsislcaqGWbaacaGLOaGaayzkaaGaey4kaSIa ae4zaiaadUcacaqG3oGaae4oaaaa@4A1F@