RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation
(
P
j
,
t
+
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−
ε
=
θ
j
(
P
j
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t
−
1
+
)
−
ε
+
(
1
−
θ
j
)
(
P
t
(
k
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*
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−
ε
.
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