RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (9)
π
t
=
λ
¯
m
c
t
+
β
E
t
π
t
+
1
+
∑
j
w
j
e
λ
,
j
m
c
j
,
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaaeiiaiaab2dacaqGGaGafq4UdWMbaeba caWGTbGaam4yamaaBaaaleaacaWG0baabeaakiabgUcaRiabek7aIj aakMeacaGIfbWaaSbaaSqaaiaadshaaeqaaOGaeqiWda3aaSbaaSqa aiaadshacqGHRaWkcaaIXaaabeaakiabgUcaRmaaqafabaGaam4Dam aaBaaaleaacaWGQbaabeaakiaadwgadaWgaaWcbaGaeq4UdWgabeaa kmaaBaaaleaacaqGSaaabeaakmaaBaaaleaacaWGQbaabeaakiaad2 gacaWGJbWaaSbaaSqaaiaadQgacaGGSaGaamiDaaqabaGccaGGUaaa leaacaWGQbaabeqdcqGHris5aaaa@59EB@