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RDP 2016-08: The Slowdown in US Productivity Growth: Breaks and Beliefs
Equation (B13)
w
t
=
(
1
−
w
1
)
(
E
t
(
w
t
+
1
)
+
E
t
π
t
+
1
)
+
λ
t
w
+
w
1
w
t
−
1
−
w
2
π
t
+
w
3
(
π
t
−
1
+
z
t
−
1
)
−
w
4
w
g
t
−
w
5
z
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7841@