,ye behaviour to the ones ons (11.58)-(11.59)), it is Ynlicitly takes into account v the terms premultiplied...

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,ye behaviour to the ones ons (11.58)-(11.59)), it is Ynlicitly takes into account v the terms premultiplied lying (11.62)-(11.63) for g

'eels under coordination

(11.64)

rative and non-cooperative 1.64). If there is nominal

(11.62)

gN =

+ e - op

+ 0)2 - + +19 +

g* + e -

= (1 + 0)2 - -* 1 + + 0 [ ( 14-1°+(,; 1) 1 '

295

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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