RDP 9703: The Implementation of Monetary Policy in Australia Equation (B4)

π t = α + ϕ π t 1 γ I t 1 + μ t + β μ t 1 + θ μ t 2 + η μ t 3 . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0JaeqySdeMaey4kaSIaeqy1dyMa eqiWda3aaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgkHiTi abeo7aNjaadMeadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGa ey4kaSIaeqiVd02aaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqOSdi MaeqiVd02aaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUca RiabeI7aXjabeY7aTnaaBaaaleaacaWG0bGaeyOeI0IaaGOmaaqaba GccqGHRaWkcqaH3oaAcqaH8oqBdaWgaaWcbaGaamiDaiabgkHiTiaa iodaaeqaaOGaaiOlaaaa@62CA@