RDP 9701: Inflation Regimes and Inflation Expectations
Equation (13)
E
t
+
1
π
t
+
2
+
i
=
(
1
−
q
)
i
E
t
+
1
π
t
+
2
+
q
∑
j
=
1
i
(
1
−
q
)
j
−
1
μ
i
=
1
,
…
,
∞
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaaqaaiaadweadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeqiWda3aaSbaaSqaaiaadshacqGHRaWkcaaIYaGaey4kaSIaamyAaaqabaGccqGH9aqpdaqadaqaaiaaigdacqGHsislcaWGXbaacaGLOaGaayzkaaWaaWbaaSqabeaacaWGPbaaaOGaamyramaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqaHapaCdaWgaaWcbaGaamiDaiabgUcaRiaaikdaaeqaaOGaey4kaSIaamyCamaaqahabaWaaeWaaeaacaaIXaGaeyOeI0IaamyCaaGaayjkaiaawMcaamaaCaaaleqabaGaamOAaiabgkHiTiaaigdaaaGccqaH8oqBaSqaaiaadQgacqGH9aqpcaaIXaaabaGaamyAaaqdcqGHris5aaGcbaGaamyAaiabg2da9iaaigdacaGGSaGaeSOjGSKaaiilaiabg6HiLkaacYcaaaaaaa@6622@