RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (A36)
π
^
j
,
t
=
(
1
−
β
θ
j
)
(
1
−
θ
j
)
θ
j
ω
^
j
,
t
+
β
E
t
π
^
j
,
t
+
1
j
=
N
f
+
1
,
...
,
N
.
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