Skip to content
RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (6)
λ
(
θ
t
h
e
o
r
y
m
a
c
r
o
,
β
)
≡
E
(
λ
(
θ
j
,
β
)
)
≥
λ
(
E
(
θ
j
)
,
β
)
⇒
θ
t
h
e
o
r
y
m
a
c
r
o
≤
E
(
θ
j
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqaH7o aBcaGGOaGaeqiUde3aa0baaSqaaiaadshacaWGObGaamyzaiaad+ga caWGYbGaamyEaaqaaiaad2gacaWGHbGaam4yaiaadkhacaWGVbaaaO Gaaiilaiabek7aIjaacMcacqGHHjIUieaacaWFjbGaa8xraiaacIca cqaH7oaBcaGGOaGaeqiUde3aaSbaaSqaaiaadQgaaeqaaOGaaiilai abek7aIjaacMcacaGGPaqcaaMaeyyzImRaeq4UdWMccaGGOaGaa8xs aiaa=veacaGGOaGaeqiUde3aaSbaaSqaaiaadQgaaeqaaOGaaiykai aacYcacqaHYoGycaGGPaaabaGaeyO0H4TaeqiUde3aa0baaSqaaiaa dshacaWGObGaamyzaiaad+gacaWGYbGaamyEaaqaaiaad2gacaWGHb Gaam4yaiaadkhacaWGVbaaaOGaeyizImQaa8xsaiaa=veacaGIOaGa eqiUde3aaSbaaSqaaiaadQgaaeqaaOGaaOykaiaak6caaaaa@78EC@