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RBA Glossary definition for MC

MC – Markets Committee (of the BIS)

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Estimating the Aggregate NKPC via GMM

31 Dec 2010 RDP 2010-01
Adam Cagliarini, Tim Robinson and Allen Tran
where: ω is the share of firms that index their prices; ø = θ ω[1 – θ(1 – β)]; and mc. ... Also, note that if the e. λ,j. and mc. jt. were independent then it would be possible to express the moment condition as. =
https://www.rba.gov.au/publications/rdp/2010/2010-01/estimating-aggregate.html

Comparisons of Economy-wide Calvo Probabilities

31 Dec 2010 RDP 2010-01
Adam Cagliarini, Tim Robinson and Allen Tran
where: π. j,t. is inflation in sector j; β is the subjective discount factor of households; and mc.
https://www.rba.gov.au/publications/rdp/2010/2010-01/comparisons-economy-wide-calvo-probabilities.html