RDP 2010-03: Modelling Inflation in Australia
Equation (5)
π
t
=
c
+
β
E
t
−
1
π
t
+
s
+
χ
(
1
u
r
t
−
2
)
+
δ
Δ
4
u
r
t
−
3
+
∑
k
=
1
12
γ
k
m
p
t
−
k
+
ε
t
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