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RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?
Equation (13)
π
t
=
(
1
2
)
∑
i
=
1
k
[
(
π
t
−
i
+
π
t
+
i
)
+
α
y
t
]
+
ε
p
t
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