RDP 2010-03: Modelling Inflation in Australia
Equation (4)
π
t
=
α
+
β
E
t
−
1
π
t
+
s
+
∑
j
=
0
J
λ
j
Δ
u
l
c
t
−
j
+
∑
k
=
1
K
γ
k
Δ
m
p
t
−
k
+
χ
y
g
a
p
t
+
δ
Δ
π
t
−
1
+
ε
t
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