RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness Equation

P t ( k ) * = ε ε − 1 E t Σ n = 0 ∞ Λ t + n θ j n Ω j , t + n ( P t + n m ) ε y t + n E t Σ n = 0 ∞ Λ t + n θ j n ( P t + n m ) ε y t + n . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiiuamaaBa aaleaacaWG0baabeaakmaabmaabaGaam4AaaGaayjkaiaawMcaamaa CaaaleqabaGaaiOkaaaakiabg2da9maalaaabaGaeqyTdugabaGaeq yTduMaeyOeI0IaaGymaaaadaWcaaqaaiaakMeacaGIfbWaaSbaaSqa aiaadshaaeqaaOGaeu4Odm1aa0baaSqaaiaad6gacqGH9aqpcaaIWa aabaGaeyOhIukaaOGaeu4MdW0aaSbaaSqaaiaadshacqGHRaWkcaWG UbaabeaakiabeI7aXnaaDaaaleaacaWGQbaabaGaamOBaaaakiabfM 6axnaaBaaaleaacaWGQbGaaiilaiaadshacqGHRaWkcaWGUbaabeaa kmaabmaabaGaamiuamaaDaaaleaacaWG0bGaey4kaSIaamOBaaqaai aad2gaaaaakiaawIcacaGLPaaadaahaaWcbeqaaiabew7aLbaakiaa dMhadaWgaaWcbaGaamiDaiabgUcaRiaad6gaaeqaaaGcbaGaaOysai aakweadaWgaaWcbaGaamiDaaqabaGccqqHJoWudaqhaaWcbaGaamOB aiabg2da9iaaicdaaeaacqGHEisPaaGccqqHBoatdaWgaaWcbaGaam iDaiabgUcaRiaad6gaaeqaaOGaeqiUde3aa0baaSqaaiaadQgaaeaa caWGUbaaaOWaaeWaaeaacaWGqbWaa0baaSqaaiaadshacqGHRaWkca WGUbaabaGaamyBaaaaaOGaayjkaiaawMcaamaaCaaaleqabaGaeqyT dugaaOGaamyEamaaBaaaleaacaWG0bGaey4kaSIaamOBaaqabaaaaO GaaiOlaaaa@82B8@