Skip to content
RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation
m
i
,
t
j
,
d
=
γ
j
(
P
j
,
t
m
P
t
m
)
−
ε
m
i
,
t
d
m
i
,
t
d
(
k
)
=
1
γ
j
(
P
t
(
k
)
P
j
,
t
m
)
−
ε
m
i
,
t
j
,
d
i
∈
(
ψ
j
−
1
,
ψ
j
]
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGTb Waa0baaSqaaiaadMgacaGGSaGaamiDaaqaaiaadQgacaGGSaGaamiz aaaakiabg2da9iabeo7aNnaaBaaaleaacaWGQbaabeaakmaabmaaba WaaSaaaeaacaWGqbWaa0baaSqaaiaadQgacaGGSaGaamiDaaqaaiaa d2gaaaaakeaacaWGqbWaa0baaSqaaiaadshaaeaacaWGTbaaaaaaaO GaayjkaiaawMcaamaaCaaaleqabaGaeyOeI0IaeqyTdugaaOGaamyB amaaDaaaleaacaWGPbGaaiilaiaadshaaeaacaWGKbaaaaGcbaGaam yBamaaDaaaleaacaWGPbGaaiilaiaadshaaeaacaWGKbaaaOWaaeWa aeaacaWGRbaacaGLOaGaayzkaaGaeyypa0ZaaSaaaeaacaaIXaaaba Gaeq4SdC2aaSbaaSqaaiaadQgaaeqaaaaakmaabmaabaWaaSaaaeaa caWGqbWaaSbaaSqaaiaadshaaeqaaOWaaeWaaeaacaWGRbaacaGLOa GaayzkaaaabaGaamiuamaaDaaaleaacaWGQbGaaiilaiaadshaaeaa caWGTbaaaaaaaOGaayjkaiaawMcaamaaCaaaleqabaGaeyOeI0Iaeq yTdugaaOGaamyBamaaDaaaleaacaWGPbGaaiilaiaadshaaeaacaWG QbGaaiilaiaadsgaaaGccaaMc8UaaGPaVlaaykW7caaMc8UaaGPaVl aaykW7caaMc8UaaGPaVlaadMgacqGHiiIZdaqcWaqaaiabeI8a5naa BaaaleaacaWGQbGaeyOeI0IaaGymaaqabaGccaGGSaGaeqiYdK3aaS baaSqaaiaadQgaaeqaaaGccaGLOaGaayzxaaGaaiOlaaaaaa@89DB@