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RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (A20)
(
1
−
ρ
a
)
a
^
t
−
c
^
t
=
i
^
t
−
E
t
(
c
^
t
+
1
+
π
^
t
+
1
)
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