RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries Equation (10)

E t+i ( p C t+i−1 − t−i p C t+i−1 ) 2 = E t+j ( p C t+j−1 − t−j p C t+j−1 ) 2 i,j=−1,0 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaqGfb WaaSbaaSqaaiaabshacqGHRaWkcaqGPbaabeaakmaabmaabaGaaeiC amaaCaaaleqabaGaae4qaaaakmaaBaaaleaacaqG0bGaey4kaSIaae yAaiabgkHiTiaaigdaaeqaaOGaeyOeI0YaaSbaaSqaaiaabshacqGH sislcaqGPbaabeaakiaabchadaahaaWcbeqaaiaaboeaaaGcdaWgaa WcbaGaaeiDaiabgUcaRiaabMgacqGHsislcaaIXaaabeaaaOGaayjk aiaawMcaamaaCaaaleqabaGaaGOmaaaakiabg2da9iaabweadaWgaa WcbaGaaeiDaiabgUcaRiaabQgaaeqaaOWaaeWaaeaacaqGWbWaaWba aSqabeaacaqGdbaaaOWaaSbaaSqaaiaabshacqGHRaWkcaqGQbGaey OeI0IaaGymaaqabaGccqGHsisldaWgaaWcbaGaaeiDaiabgkHiTiaa bQgaaeqaaOGaaeiCamaaCaaaleqabaGaae4qaaaakmaaBaaaleaaca qG0bGaey4kaSIaaeOAaiabgkHiTiaaigdaaeqaaaGccaGLOaGaayzk aaWaaWbaaSqabeaacaaIYaaaaaGcbaGaaeyAaiaacYcacaqGQbGaey ypa0JaeyOeI0IaaGymaiaacYcacaaIWaaaaaa@6C58@