RDP 9803: Forward-Looking Behaviour and Credibility: Some Evidence and Implications for Policy
Equation (B1.11)
t
w
i
t
≡
r
t
w
i
t
−
p
t
+
p
t
*
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiDaiaadEhacaWGPbWaaSbaaSqaaiaadshaaeqaaOGaeyyyIORaamOCaiaadshacaWG3bGaamyAamaaBaaaleaacaWG0baabeaakiabgkHiTiaadchadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcaWGWbWaa0baaSqaaiaadshaaeaacaGGQaaaaaaa@4794@