RDP 2012-01: Co-movement in Inflation
Equation (A10)
V
T
=
(
V
0
−
1
+
Σ
t
=
1
T
χ
t
′
Ω
−
1
χ
t
σ
t
)
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaCOvamaaBa aaleaacaWGubaabeaakiabg2da9maabmaabaGaaCOvamaaDaaaleaa caaIWaaabaGaeyOeI0IaaGymaaaakiabgUcaRiabfo6atnaaDaaale aacaWG0bGaeyypa0JaaGymaaqaaiaadsfaaaGcdaWcaaqaaiabeE8a JnaaDaaaleaacaWG0baabaaccaGae8NmGikaaOGaeuyQdC1aaWbaaS qabeaacqGHsislcaaIXaaaaOGaeq4Xdm2aaSbaaSqaaiaadshaaeqa aaGcbaGaeq4Wdm3aaSbaaSqaaiaadshaaeqaaaaaaOGaayjkaiaawM caamaaCaaaleqabaGaeyOeI0IaaGymaaaaaaa@53AF@
Equation (A11)
θ
T
=
V
T
(
V
0
−
1
θ
0
+
Σ
t
=
1
T
χ
′
t
Ω
−
1
Y
t
σ
t
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaCiUdmaaBa aaleaacaWGubaabeaakiabg2da9iaahAfadaWgaaWcbaGaamivaaqa baGcdaqadaqaaiaabAfadaqhaaWcbaGaaGimaaqaaiabgkHiTiaaig daaaGccaWH4oWaaSbaaSqaaiaaicdaaeqaaOGaey4kaSIaeu4Odm1a a0baaSqaaiaadshacqGH9aqpcaaIXaaabaGaamivaaaakmaalaaaba Gaeq4XdmgccaGae8NmGi6aaSbaaSqaaiaadshaaeqaaOGaeuyQdC1a aWbaaSqabeaacqGHsislcaaIXaaaaOGaaCywamaaBaaaleaacaWG0b aabeaaaOqaaiabeo8aZnaaBaaaleaacaWG0baabeaaaaaakiaawIca caGLPaaaaaa@5585@