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RDP 2015-04: The Sticky Information Phillips Curve: Evidence for Australia
Equation (4)
π
t
=
c
+
[
1
−
λ
λ
]
α
x
t
+
(
1
−
λ
)
∑
j
=
0
J
λ
j
E
t
−
j
−
1
[
π
t
+
α
Δ
x
t
]
+
γ
π
^
t
m
+
ε
t
.
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