Skip to content
RDP 2007-12: Dynamic Pricing and Imperfect Common Knowledge
Equation (22)
y
t
=
E
t
[
y
t
+
1
]
−
1
γ
(
i
t
−
E
t
[
π
t
+
1
]
)
+
δ
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaBa aaleaacaWG0baabeaakiabg2da9iaadweadaWgaaWcbaGaamiDaaqa baGcdaWadaqaaiaadMhadaWgaaWcbaGaamiDaiabgUcaRiaaigdaae qaaaGccaGLBbGaayzxaaaccaGae8NeI0YaaSaaaeaacaaIXaaabaGa eq4SdCgaamaabmaabaGaamyAamaaBaaaleaacaWG0baabeaakiab=j HiTiaadweadaWgaaWcbaGaamiDaaqabaGcdaWadaqaaiabec8aWnaa BaaaleaacaWG0baabeaakiabgUcaRiaaigdaaiaawUfacaGLDbaaai aawIcacaGLPaaacqGHRaWkcqaH0oazdaWgaaWcbaGaamiDaaqabaaa aa@54EC@