RDP 2002-01: Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy
Equation (5)
π
t
=
π
t
e
+
α
1
(
π
t
−
i
m
−
π
t
−
1
)
+
α
2
(
y
t
−
i
)
+
α
3
(
Δ
y
t
−
i
)
+
u
t
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