RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (4)
π
t
=
∑
j
=
1
N
w
j
(
(1
−
θ
j
)(1
−
β
θ
j
)
θ
j
m
c
j
,
t
+
β
E
t
π
j
,
t
+
1
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0ZaaabCaeaacaWG3bWaaSbaaSqa aiaadQgaaeqaaaqaaiaadQgacqGH9aqpcaaIXaaabaGaamOtaaqdcq GHris5aOWaaeWaaeaadaWcaaqaaiaabIcacaqGXaGaeyOeI0IaeqiU de3aaSbaaSqaaiaadQgaaeqaaOGaaeykaiaabIcacaqGXaGaeyOeI0 IaeqOSdiMaeqiUde3aaSbaaSqaaiaadQgaaeqaaOGaaeykaaqaaiab eI7aXnaaBaaaleaacaWGQbaabeaaaaGccaWGTbGaam4yamaaBaaale aacaWGQbGaaiilaiaadshaaeqaaOGaae4kaiabek7aIHqaaiaa=Lea caWFfbWaaSbaaSqaaiaadshaaeqaaOGaeqiWda3aaSbaaSqaaiaadQ gacaGGSaGaamiDaiabgUcaRiaaigdaaeqaaaGccaGLOaGaayzkaaGa aiOlaaaa@6417@