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RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (1d)
t
−
1
w
1
t+n
−
1
=
t
−
1
w
1
t+n
−
2
+
π
(
t
−
1
P
c
t+n
−
1
−
t
−
1
P
c
t
)
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