RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (A11)
P
t
m
=
(
∑
j
=
1
N
γ
j
(
P
j
,
t
m
)
ε
−
1
ε
)
ε
ε
−
1
=
(
∫
0
1
P
t
(
i
)
1
−
ε
d
i
)
1
1
−
ε
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