RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime
Equation (13)
p
=
{
β
4
(
κ
+
s
)
+
β
4
β
2
(
ξ
+
υ
)
+
β
1
(
ξ
−
τ
)
−
(
β
4
+β
1
β
3
)
(
u
(
1
+
ε
)
−
εx
)
}
/
D
,
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