RDP 9701: Inflation Regimes and Inflation Expectations
Equation (8)
f
π
t
+
1
+
i
(
x
)
=
(
1
−
q
)
i
f
ε
(
x
−
Π
t
)
+
q
(
∑
j
=
1
i
(
1
−
q
)
j
−
1
)
∫
−
∞
∞
f
η
(
x
−
ε
)
f
ε
(
ε
)
d
ε
i
=
1
,
…
,
∞
.
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