RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation
V
(
t
)
=
∫
t
∞
[
P
(
s
)
+
γ
(
y
(
y
(
s
)
−
y
d
(
s
)
)
]
δ
exp
(
−
δ
(
s
−
t
)
)
ds
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