Skip to content
RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (9a)
Min
θ
E
t
−
1
{
∑
i
=
0
n
−
1
δ
i
+
1
(
(
w
1
t
+
i
−
t
+
i
−
1
p
t
+
i
)
−
(
w
1
t
+
i
−
t
+
i
−
1
p
t
+
i
)
O
)
2
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaCbeaeaaca qGnbGaaeyAaiaab6gaaSqaaiabeI7aXbqabaGccaaMc8Uaaeyramaa BaaaleaacaqG0bGaeyOeI0IaaGymaaqabaGccaGG7bWaaabCaeaacq aH0oazdaahaaWcbeqaaiaabMgacqGHRaWkcaaIXaaaaOGaaiikaiaa cIcacaqG3bWaaWbaaSqabeaacaaIXaaaaOWaaSbaaSqaaiaabshacq GHRaWkcaqGPbaabeaakiabgkHiTmaaBaaaleaacaqG0bGaey4kaSIa aeyAaiabgkHiTiaaigdaaeqaaOGaaeiCamaaBaaaleaacaqG0bGaey 4kaSIaaeyAaaqabaGccaGGPaGaeyOeI0IaaiikaiaacEhadaahaaWc beqaaiaaigdaaaGcdaWgaaWcbaGaaeiDaiabgUcaRiaabMgaaeqaaO GaeyOeI0YaaSbaaSqaaiaabshacqGHRaWkcaqGPbGaeyOeI0IaaGym aaqabaGccaqGWbWaaSbaaSqaaiaabshacqGHRaWkcaqGPbaabeaaki aacMcadaahaaWcbeqaaiaab+eaaaGccaGGPaWaaWbaaSqabeaacaaI YaaaaaqaaiaadMgacqGH9aqpcaaIWaaabaGaaeOBaiabgkHiTiaaig daa0GaeyyeIuoakiaac2haaaa@7166@