RDP 2010-01: Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
Equation (A7)
T
t
+
V
t
+
H
t
−
1
+
B
t
−
1
+
W
t
l
t
s
=
P
c
c
t
+
B
t
I
t
+
H
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamivamaaBa aaleaacaWG0baabeaakiabgUcaRiaadAfadaWgaaWcbaGaamiDaaqa baGccqGHRaWkcaWGibWaaSbaaSqaaiaadshacqGHsislcaaIXaaabe aakiabgUcaRiaadkeadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqa aOGaey4kaSIaam4vamaaBaaaleaacaWG0baabeaakiaadYgadaqhaa WcbaGaamiDaaqaaiaadohaaaGccqGH9aqpcaWGqbWaaWbaaSqabeaa caWGJbaaaOGaam4yamaaBaaaleaacaWG0baabeaakiabgUcaRmaala aabaGaamOqamaaBaaaleaacaWG0baabeaaaOqaaiaadMeadaWgaaWc baGaamiDaaqabaaaaOGaey4kaSIaamisamaaBaaaleaacaWG0baabe aaaaa@56C0@