RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
Equation (8c)
w
f
t
=
wf
t
−
1
+
β
(
w
t
−
e
t
−
wf
t
−
1
)
+
τ
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaai4DaiaacA gadaWgaaWcbaGaaeiDaaqabaGccqGH9aqpcaqG3bGaaeOzamaaBaaa leaacaqG0baccaGae8NeI0IaaeymaaqabaGccqGHRaWkcaqGYoWaae WaaeaacaqG3bWaaSbaaSqaaiaabshaaeqaaOGae8NeI0Iaaeyzamaa BaaaleaacaqG0baabeaakiab=jHiTiaabEhacaqGMbWaaSbaaSqaai aabshacqWFsislcaqGXaaabeaaaOGaayjkaiaawMcaaiabgUcaRiab es8a0naaBaaaleaacaqG0baabeaaaaa@50E1@