RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (3a)
w
t+n
−
1
=
(
1
/
n
)
(
w
1
t+n
−
1
+
w
2
t+n
−
1
+
...
w
n
t
+
n
−
1
)
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