RDP 9411: Demand Shocks, Inflation and the Business Cycle
Equation (1)
Δ
p
=
α
+
λ
1
+
∑
i
=
1
n
Δ
p
t
−
i
+
λ
2
∑
i
=
0
m
g
a
p
t
−
i
+
ν
t
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