RDP 2015-04: The Sticky Information Phillips Curve: Evidence for Australia
Equation (3)
π
t
=
[
1
−
λ
λ
]
(
α
x
t
+
ξ
π
^
t
m
)
+
(
1
−
λ
)
∑
j
=
0
∞
λ
j
E
t
−
j
−
1
[
π
t
+
α
Δ
x
t
+
ξ
Δ
π
^
t
m
]
.
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