Andersen, Torben M. (contributor); … - 2008
national �scal policies as
well as between the aggregate �scal stance and the monetary policy (see, e.g.,
Lombardo and … the representative
household�s wage-setting problem (17), the household labour demand relation
(3) and the law of motion ….
Hence, the law of motion of the aggregate wage index in country i is given by
Wit =
Z 1
0
Wit (h)1 i dh
11
i
=
h
iW1 …