RDP 2015-04: The Sticky Information Phillips Curve: Evidence for Australia Equation (2)

π t = [ 1 − λ λ ] α x t + ( 1 − λ ) ∑ j = 0 ∞ λ j E t − j − 1 [ π t + α Δ x t ] , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0ZaamWaaeaadaWcaaqaaiaaigda cqGHsislcqaH7oaBaeaacqaH7oaBaaaacaGLBbGaayzxaaGaeqySde MaamiEamaaBaaaleaacaWG0baabeaakiabgUcaRmaabmaabaGaaGym aiabgkHiTiabeU7aSbGaayjkaiaawMcaamaaqahabaGaeq4UdW2aaW baaSqabeaacaWGQbaaaaqaaiaadQgacqGH9aqpcaaIWaaabaGaeyOh IukaniabggHiLdGccaWGfbWaaSbaaSqaaiaadshacqGHsislcaWGQb GaeyOeI0IaaGymaaqabaGcdaWadaqaaiabec8aWnaaBaaaleaacaWG 0baabeaakiabgUcaRiabeg7aHjabfs5aejaadIhadaWgaaWcbaGaam iDaaqabaaakiaawUfacaGLDbaacaGGSaaaaa@64DB@