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 ) 1 − ε d k ) 1 1 − ε . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaBa aaleaacaWGQbGaaiilaiaadshaaeqaaOGaeyypa0ZaaeWaaeaadaWc aaqaaiaaigdaaeaacqaHZoWzdaWgaaWcbaGaamOAaaqabaaaaOWaa8 qmaeaacaWGqbWaaSbaaSqaaiaadshaaeqaaOWaaeWaaeaacaWGRbaa caGLOaGaayzkaaWaaWbaaSqabeaacaaIXaGaeyOeI0IaeqyTdugaaa qaaiabeI8a5naaBaaameaacaWGQbGaeyOeI0IaaGymaaqabaaaleaa cqaHipqEdaWgaaadbaGaamOAaaqabaaaniabgUIiYdGccaWGKbGaam 4AaaGaayjkaiaawMcaamaaCaaaleqabaWaaSaaaeaacaaIXaaabaGa aGymaiabgkHiTiabew7aLbaaaaGccaGGUaaaaa@5843@