RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (A1)
T
t
+
V
t
+
H
t
−
1
+
B
t
−
1
+
W
t
l
t
s
≥
P
t
c
c
t
+
B
t
I
t
+
H
t
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