RDP 9510: Modelling Inflation in Australia
Equation
Δ
x
t
=
π
x
t
−
1
+
Σ
i
=
1
k
θ
i
Δ
x
t
−
i
+
ψ
0
+
Σ
i
=
1
3
ψ
i
S
i
t
+
ψ
4
t
+
e
t
,
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