Bulletin – September 2017
Equation (A3)
π
t
=
(
1
−
β
1
)
π
t
e
+
β
1
3
∑
i
=
1
3
π
t
−
i
+
β
2
(
u
t
−
1
−
u
t
−
1
*
)
+
ε
t
π
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