Dubrovin-Zhang hierarchy for the Hodge integrals

In this paper we prove that the generating series of the Hodge integrals over the moduli space of stable curves is a solution of a certain deformation of the KdV hierarchy. This hierarchy is constructed in the framework of the Dubrovin-Zhang theory of the hierarchies of the topological type. It occurs that our deformation of the KdV hierarchy is closely related to the hierarchy of the Intermediate Long Wave equation.