RDP 9611: A Markov-Switching Model of Inflation in Australia
Equation (5)
Δ
w
t
=
(
1
−
δ
)
π
t
−
1
+
δ
π
e
+
k
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaam 4DamaaBaaaleaacaWG0baabeaakiabg2da9maabmaabaGaaGymaiab gkHiTiabes7aKbGaayjkaiaawMcaaiabec8aWnaaBaaaleaacaWG0b GaeyOeI0IaaGymaaqabaGccqGHRaWkcqaH0oazcqaHapaCdaahaaWc beqaaiaadwgaaaGccqGHRaWkcaWGRbaaaa@4B2E@