RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (9h)
w
1
t
+
1
−
t
−
1
w
1
t
+
1
=
θ
(
p
C
t
−
t
−
1
p
C
t
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaae4DamaaCa aaleqabaGaaGymaaaakmaaBaaaleaacaqG0bGaey4kaSIaaGymaaqa baGccqGHsisldaWgaaWcbaGaaeiDaiabgkHiTiaaigdaaeqaaOGaae 4DamaaCaaaleqabaGaaGymaaaakmaaBaaaleaacaqG0bGaey4kaSIa aGymaaqabaGccqGH9aqpcqaH4oqCcaGGOaGaaeiCamaaCaaaleqaba Gaae4qaaaakmaaBaaaleaacaqG0baabeaakiabgkHiTmaaBaaaleaa caqG0bGaeyOeI0IaaGymaaqabaGccaqGWbWaaWbaaSqabeaacaqGdb aaaOWaaSbaaSqaaiaabshaaeqaaOGaaiykaiaac6caaaa@51E7@