RDP 1999-08: Inflation Targeting and Output Stabilisation
Equation (3)
L
t
=
E
t
∑
s
=
t
∞
δ
s
−
t
[
(
1
−
λ
)
(
π
s
−
π
∗
)
2
+
λ
(
y
s
−
y
s
∗
)
2
]
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