RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation
c
t
d
(
k
)
=
1
γ
j
(
P
t
(
k
)
P
j
,
t
)
−
ε
c
j
,
t
s
,
k
∈
(
ψ
j
−
1
,
ψ
j
]
,
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