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RDP 9701: Inflation Regimes and Inflation Expectations
Equation (16)
E
t
π
t
+
1
+
i
=
(
1
−
q
)
i
Π
t
+
q
(
∑
j
=
1
i
(
1
−
q
)
j
)
(
∑
k
∈
R
N
Π
k
N
)
i
=
1
,
…
,
∞
.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@68BC@