RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries Equation (9a)

Min θ E t1 { i=0 n1 δ i+1 (( w 1 t+i t+i1 p t+i ) ( w 1 t+i t+i1 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@