RDP 2008-05: Understanding the Flattening Phillips Curve Equation (4)

π t = P π t 1 + λ 1 γ f P i = 0 ( γ f 1 γ f P ) i + E t m c t + i , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0Jaamiuaiabec8aWnaaBaaaleaa caWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkdaWcaaqaaiabeU7aSb qaaiaaigdacqGHsislcqaHZoWzdaWgaaWcbaGaamOzaaqabaGccaWG qbaaamaaqahabaWaaeWaaeaadaWcaaqaaiabeo7aNnaaBaaaleaaca WGMbaabeaaaOqaaiaaigdacqGHsislcqaHZoWzdaWgaaWcbaGaamOz aaqabaGccaWGqbaaaaGaayjkaiaawMcaaaWcbaGaamyAaiabg2da9i aaicdaaeaacqGHEisPa0GaeyyeIuoakmaaCaaaleqabaGaamyAaaaa kiabgUcaRiaadweadaWgaaWcbaGaamiDaaqabaGccaWGTbGaam4yam aaBaaaleaacaWG0bGaey4kaSIaamyAaaqabaGccaGGSaaaaa@60D6@