Skip to content
RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation
P
j
,
t
+
=
(
1
γ
j
∫
ψ
j
−
1
ψ
j
P
t
(
k
)
−
ε
d
k
)
−
1
ε
P
t
+
≡
(
∑
j
=
1
N
γ
j
(
P
j
,
t
+
)
−
ε
)
−
1
ε
=
(
∫
0
1
P
t
(
k
)
−
ε
d
k
)
−
1
ε
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaabbeaacaWGqb Waa0baaSqaaiaadQgacaGGSaGaamiDaaqaaiabgUcaRaaakiabg2da 9maabmaabaWaaSaaaeaacaaIXaaabaGaeq4SdC2aaSbaaSqaaiaadQ gaaeqaaaaakmaapedabaGaamiuamaaBaaaleaacaWG0baabeaakmaa bmaabaGaam4AaaGaayjkaiaawMcaamaaCaaaleqabaGaeyOeI0Iaeq yTdugaaOGaamizaiaadUgaaSqaaiabeI8a5naaBaaameaacaWGQbGa eyOeI0IaaGymaaqabaaaleaacqaHipqEdaWgaaadbaGaamOAaaqaba aaniabgUIiYdaakiaawIcacaGLPaaadaahaaWcbeqaaiabgkHiTmaa laaabaGaaGymaaqaaiabew7aLbaaaaaakeaacaWGqbWaa0baaSqaai aadshaaeaacqGHRaWkaaGccqGHHjIUdaqadaqaamaaqahabaGaeq4S dC2aaSbaaSqaaiaadQgaaeqaaOWaaeWaaeaacaWGqbWaa0baaSqaai aadQgacaGGSaGaamiDaaqaaiabgUcaRaaaaOGaayjkaiaawMcaamaa CaaaleqabaGaeyOeI0IaeqyTdugaaaqaaiaadQgacqGH9aqpcaaIXa aabaGaamOtaaqdcqGHris5aaGccaGLOaGaayzkaaWaaWbaaSqabeaa cqGHsisldaWcaaqaaiaaigdaaeaacqaH1oqzaaaaaaGcbaGaeyypa0 ZaaeWaaeaadaWdXaqaaiaadcfadaWgaaWcbaGaamiDaaqabaGcdaqa daqaaiaadUgaaiaawIcacaGLPaaadaahaaWcbeqaaiabgkHiTiabew 7aLbaakiaadsgacaWGRbaaleaacaaIWaaabaGaaGymaaqdcqGHRiI8 aaGccaGLOaGaayzkaaWaaWbaaSqabeaacqGHsisldaWcaaqaaiaaig daaeaacqaH1oqzaaaaaOGaaiOlaaaaaa@85ED@