RDP 2010-03: Modelling Inflation in Australia Equation (4)

π t = α + β E t − 1 π t + s + ∑ j = 0 J λ j Δ u l c t − j + ∑ k = 1 K γ k Δ m p t − k + χ y g a p t + δ Δ π t − 1 + ε t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0JaeqySdeMaey4kaSIaeqOSdiMa amyramaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqaHapaCda WgaaWcbaGaamiDaiabgUcaRiaadohaaeqaaOGaey4kaSYaaabCaeaa cqaH7oaBdaWgaaWcbaGaamOAaaqabaGccqqHuoarcaWG1bGaamiBai aadogadaWgaaWcbaGaamiDaiabgkHiTiaadQgaaeqaaOGaey4kaSYa aabCaeaacqaHZoWzdaWgaaWcbaGaam4AaaqabaGccqqHuoarcaWGTb GaamiCamaaBaaaleaacaWG0bGaeyOeI0Iaam4AaaqabaGccqGHRaWk cqaHhpWycaWG5bGaam4zaiaadggacaWGWbWaaSbaaSqaaiaadshaae qaaOGaey4kaSIaeqiTdqMaeuiLdqKaeqiWda3aaSbaaSqaaiaadsha cqGHsislcaaIXaaabeaaaeaacaWGRbGaeyypa0JaaGymaaqaaiaadU eaa0GaeyyeIuoakiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaa aeaacaWGQbGaeyypa0JaaGimaaqaaiaadQeaa0GaeyyeIuoaaaa@7AA1@