RDP 2015-04: The Sticky Information Phillips Curve: Evidence for Australia
Equation (5)
ε
t
=
(
1
−
λ
)
∑
j
=
J
+
1
∞
λ
j
E
t
−
j
−
1
[
π
t
+
α
Δ
x
t
]
+
u
t
,
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