RDP 2010-03: Modelling Inflation in Australia
Equation (A6)
γ
π
t
=
(
θ
/
φ
)
+
β
E
t
π
t
+
1
+
ψ
Δ
m
c
t
+
(
λ
/
φ
)
x
t
−
1
−
(
1
+
β
α
)
π
t
−
1
+
α
(
Δ
π
t
−
1
−
Δ
π
t
*
)
+
η
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqaHZo WzcqaHapaCdaWgaaWcbaGaamiDaaqabaGccqGH9aqpdaqadaqaamaa lyaabaGaeqiUdehabaGaeqOXdOgaaaGaayjkaiaawMcaaiabgUcaRi abek7aIjaadweadaWgaaWcbaGaamiDaaqabaGccqaHapaCdaWgaaWc baGaamiDaiabgUcaRiaaigdaaeqaaOGaey4kaSIaeqiYdKNaeuiLdq KaamyBaiaadogadaWgaaWcbaGaamiDaaqabaGccqGHRaWkdaqadaqa amaalyaabaGaeq4UdWgabaGaeqOXdOgaaaGaayjkaiaawMcaaiaadI hadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaaGcbaGaeyOeI0Ya aeWaaeaacaaIXaGaey4kaSIaeqOSdiMaeqySdegacaGLOaGaayzkaa GaeqiWda3aaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUca Riabeg7aHnaabmaabaGaeuiLdqKaeqiWda3aaSbaaSqaaiaadshacq GHsislcaaIXaaabeaakiabgkHiTiabfs5aejabec8aWnaaDaaaleaa caWG0baabaGaaiOkaaaaaOGaayjkaiaawMcaaiabgUcaRiabeE7aOn aaBaaaleaacaWG0baabeaaaaaa@7A1E@