RBA Annual Conference – 1992 Equation

min { y ¯ t } Σ t = 1 T ( y t y ¯ t ) 2 + λ Σ t = 2 T 1 [ ( y ¯ t + 1 y ¯ t ) ( y ¯ t y ¯ t 1 ) ] 2 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaCbeaeaaci GGTbGaaiyAaiaac6gaaSqaamaacmaabaGabmyEayaaraWaaSbaaWqa aiaadshaaeqaaaWccaGL7bGaayzFaaaabeaakmaaqahabaWaaeWaae aacaWG5bWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0IabmyEayaaraWa aSbaaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaWaaWbaaSqabeaaca aIYaaaaOGaey4kaSIaeq4UdW2aaabCaeaadaWadaqaamaabmaabaGa bmyEayaaraWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiabgk HiTiqadMhagaqeamaaBaaaleaacaWG0baabeaaaOGaayjkaiaawMca aiabgkHiTmaabmaabaGabmyEayaaraWaaSbaaSqaaiaadshaaeqaaO GaeyOeI0IabmyEayaaraWaaSbaaSqaaiaadshacqGHsislcaaIXaaa beaaaOGaayjkaiaawMcaaaGaay5waiaaw2faamaaCaaaleqabaGaaG OmaaaaaeaacaWG0bGaeyypa0JaaGOmaaqaaiaadsfacqGHsislcaaI XaaaniabggHiLdaaleaacaWG0bGaeyypa0JaaGymaaqaaiaadsfaa0 GaeyyeIuoaaaa@6A49@