RDP 2012-01: Co-movement in Inflation Equation (1D)

Z t , exog = ( Σ p = 0 1 Δ o i l t p ) θ exog o i l + ( Σ p = 0 1 Δ n f u e l t p ) θ exog n f u e l MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOwamaaBa aaleaacaWG0bGaaiilaiaabwgacaqG4bGaae4BaiaabEgaaeqaaOGa eyypa0ZaaeWaaeaacqqHJoWudaqhaaWcbaGaamiCaiabg2da9iaaic daaeaacaaIXaaaaOGaeuiLdqKaam4BaiaadMgacaWGSbWaaSbaaSqa aiaadshacqGHsislcaWGWbaabeaaaOGaayjkaiaawMcaaiabeI7aXn aaDaaaleaacaqGLbGaaeiEaiaab+gacaqGNbaabaGaam4BaiaadMga caWGSbaaaOGaey4kaSYaaeWaaeaacqqHJoWudaqhaaWcbaGaamiCai abg2da9iaaicdaaeaacaaIXaaaaOGaeuiLdqKaamOBaiaadAgacaWG 1bGaamyzaiaadYgadaWgaaWcbaGaamiDaiabgkHiTiaadchaaeqaaa GccaGLOaGaayzkaaGaeqiUde3aa0baaSqaaiaabwgacaqG4bGaae4B aiaabEgaaeaacaWGUbGaamOzaiaadwhacaWGLbGaamiBaaaaaaa@6F0B@