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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
.
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