RDP 2015-04: The Sticky Information Phillips Curve: Evidence for Australia
Equation (9)
π
t
=
c
+
[
1
−
λ
λ
]
α
x
t
+
(
1
−
λ
)
∑
j
=
0
J
λ
j
E
t
−
j
−
1
[
π
t
+
α
Δ
x
t
]
+
γ
π
^
t
m
+
δ
S
P
π
^
t
N
K
P
C
+
ε
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0Jaam4yaiabgUcaRmaadmaabaWa aSaaaeaacaaIXaGaeyOeI0Iaeq4UdWgabaGaeq4UdWgaaaGaay5wai aaw2faaiabeg7aHjaadIhadaWgaaWcbaGaamiDaaqabaGccqGHRaWk daqadaqaaiaaigdacqGHsislcqaH7oaBaiaawIcacaGLPaaadaaeWa qaaiabeU7aSnaaCaaaleqabaGaamOAaaaaaeaacaWGQbGaeyypa0Ja aGimaaqaaiaadQeaa0GaeyyeIuoakiaadweadaWgaaWcbaGaamiDai abgkHiTiaadQgacqGHsislcaaIXaaabeaakmaadmaabaGaeqiWda3a aSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqySdeMaeuiLdqKaamiEam aaBaaaleaacaWG0baabeaaaOGaay5waiaaw2faaiabgUcaRiabeo7a Njqbec8aWzaajaWaa0baaSqaaiaadshaaeaacaWGTbaaaOGaey4kaS IaeqiTdq2aaSbaaSqaaiaadofacaWGqbaabeaakiqbec8aWzaajaWa a0baaSqaaiaadshaaeaacaWGobGaam4saiaadcfacaWGdbaaaOGaey 4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaOGaaiilaaaa@7A9A@