Skip to content
RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (1b)
t
−
1
w
1
t
+
1
=
t
−
1
w
1
t
+
π
(
t
−
1
P
C
t+1
−
t
−
1
P
C
t
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSbaaSqaai aabshaiiaacqWFsislcaqGXaaabeaakiaabEhadaahaaWcbeqaaiaa igdaaaGcdaWgaaWcbaGaaeiDaiabgUcaRiaaigdaaeqaaOGaeyypa0 ZaaSbaaSqaaiaabshacqWFsislcaqGXaaabeaakiaabEhadaahaaWc beqaaiaaigdaaaGcdaWgaaWcbaGaaeiDaaqabaGccqGHRaWkcqaHap aCdaqadaqaamaaBaaaleaacaqG0bGae8NeI0IaaGymaaqabaGccaqG qbWaaWbaaSqabeaacaqGdbaaaOWaaSbaaSqaaiaabshacaqGRaGaae ymaaqabaGccqWFsisldaWgaaWcbaGaaeiDaiab=jHiTiaabgdaaeqa aOGaaeiuamaaCaaaleqabaGaae4qaaaakmaaBaaaleaacaqG0baabe aaaOGaayjkaiaawMcaaaaa@5662@