RDP 9701: Inflation Regimes and Inflation Expectations
Equation (14)
f
t
+
1
,
π
t
+
2
+
i
(
x
)
=
(
1
−
q
)
i
f
t
+
1
,
π
t
+
2
(
x
)
+
q
∑
j
=
1
i
(
1
−
q
)
j
−
1
f
t
,
π
t
+
1
(
x
)
i
=
1
,
…
,
∞
.
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