RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness Equation (5)

π t  =  λ ¯ m c t + β E t π t + 1 + j w j e λ , j m c j , t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaaeiiaiaab2dacaqGGaGafq4UdWMbaeba caWGTbGaam4yamaaBaaaleaacaWG0baabeaakiabgUcaRiabek7aIj aakweadaWgaaWcbaGaamiDaaqabaGccqaHapaCdaWgaaWcbaGaamiD aiabgUcaRiaaigdaaeqaaOGaey4kaSYaaabuaeaacaWG3bWaaSbaaS qaaiaadQgaaeqaaOGaamyzamaaBaaaleaacqaH7oaBcaGGSaGaamOA aaqabaGccaWGTbGaam4yamaaBaaaleaacaWGQbGaaiilaiaadshaae qaaOGaaiilaaWcbaGaamOAaaqab0GaeyyeIuoaaaa@58A9@