RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts Equation (23)

π( t ) π ^ = ν 1 u y( 0 ). e S t y( t )=y( 0 ). e S t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqaHap aCdaqadaqaaiaadshaaiaawIcacaGLPaaacqGHsislcuaHapaCgaqc aiabg2da9iaadAhadaqhaaWcbaGaaGymaaqaaiaadwhaaaGccaWG5b WaaeWaaeaacaaIWaaacaGLOaGaayzkaaGaaiOlaiaadwgadaahaaWc beqaaiaadofadaahaaadbeqaaiabgkHiTaaaliaadshaaaaakeaaca WG5bWaaeWaaeaacaWG0baacaGLOaGaayzkaaGaeyypa0JaamyEamaa bmaabaGaaGimaaGaayjkaiaawMcaaiaac6cacaWGLbWaaWbaaSqabe aacaWGtbWaaWbaaWqabeaacqGHsislaaWccaWG0baaaaaaaa@5575@