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

min { c t d ( k ) } k ( ψ j 1 , ψ j ] ψ j 1 ψ j P t ( k ) c t d ( k ) d k MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaCbeaeaaci GGTbGaaiyAaiaac6gaaSqaamaacmaabaGaai4yamaaDaaameaacaWG 0baabaGaamizaaaaliaacIcacaWGRbGaaiykaaGaay5Eaiaaw2haam aaBaaameaacaWGRbGaeyicI48aaKamaeaacqaHipqEdaWgaaqaaiaa dQgacqGHsislcaaIXaaabeaacaGGSaGaeqiYdK3aaSbaaeaacaWGQb aabeaaaiaawIcacaGLDbaaaeqaaaWcbeaakmaapedabaGaamiuamaa BaaaleaacaWG0baabeaakmaabmaabaGaam4AaaGaayjkaiaawMcaaa WcbaGaaiiFaiabeI8a5naaBaaameaacaWGQbGaeyOeI0IaaGymaaqa baaaleaacqaHipqEdaWgaaadbaGaamOAaaqabaaaniabgUIiYdGcca WGJbWaa0baaSqaaiaadshaaeaacaWGKbaaaOWaaeWaaeaacaWGRbaa caGLOaGaayzkaaGaamizaiaadUgaaaa@63C3@