RDP 9611: A Markov-Switching Model of Inflation in Australia Equation (A.4)

P[ S t =0, S t−1 =0 S t =0, S t−1 =1 S t =1, S t−1 =0 S t =1, S t−1 =1 ]⇒P[ S t =0 S t−1 =1 ]⋅ MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaadm aabaqbaeqabqqaaaaabaGaam4uamaaBaaaleaacaWG0baabeaakiab g2da9iaaicdacaGGSaGaam4uamaaBaaaleaacaWG0bGaeyOeI0IaaG ymaaqabaGccqGH9aqpcaaIWaaabaGaam4uamaaBaaaleaacaWG0baa beaakiabg2da9iaaicdacaGGSaGaam4uamaaBaaaleaacaWG0bGaey OeI0IaaGymaaqabaGccqGH9aqpcaaIXaaabaGaam4uamaaBaaaleaa caWG0baabeaakiabg2da9iaaigdacaGGSaGaam4uamaaBaaaleaaca WG0bGaeyOeI0IaaGymaaqabaGccqGH9aqpcaaIWaaabaGaam4uamaa BaaaleaacaWG0baabeaakiabg2da9iaaigdacaGGSaGaam4uamaaBa aaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGH9aqpcaaIXaaaaaGa ay5waiaaw2faaiabgkDiElaadcfadaWadaqaauaabeqaceaaaeaaca WGtbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaaGimaaqaaiaadofa daWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaeyypa0JaaGymaa aaaiaawUfacaGLDbaacqGHflY1aaa@711C@