RDP 9206: Loan Rate Stickiness: Theory and Evidence
Equation (6)
1
2
[
h
(
p
)
+
(
p
−
∂
c
b
∂
q
b
)
(
h
′
(
p
)
−
γ
(
0
)
h
(
p
)
)
]
=
0
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