Skip to content
RDP 2008-05: Understanding the Flattening Phillips Curve
Equation (2)
π
t
=
β
E
t
π
t
+
1
+
λ
m
c
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0JaeqOSdiMaamyramaaBaaaleaa caWG0baabeaakiabec8aWnaaBaaaleaacaWG0bGaey4kaSIaaGymaa qabaGccqGHRaWkcqaH7oaBcaWGTbGaam4yamaaBaaaleaacaWG0baa beaakiaacYcaaaa@485A@