RDP 8611: The Effectiveness of Fiscal Policy in an Economy with Anticipatory Wage Contracts
Equation (A1)
W
i
(
τ
)
=
P
(
τ
)
+
T
π
^
2
+
w
^
−
T
2
π
*
(
τ
)
T
4
=
(
4
A
)
B
(
π
*
(
τ
)
−
π
^
)
−
2
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