RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (5)
M
i
n
E
t
∑
j
=
0
∞
δ
t
[
(
p
t+j
−
p
o
t+j
)
2
+
C
(
p
t+j
−
p
t+j
−
1
)
2
]
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