RBA Annual Conference – 2018
Equation
x
t
=
−
σ
E
t
∑
T
=
t
∞
(
i
T
−
π
T
+
1
−
r
T
n
)
π
t
=
κ
E
t
∑
T
=
t
∞
β
T
−
1
x
T