RDP 9204: The Term Structure of Interest Rates, Real Activity and inflation Equation

V =  [ X ′ ( Σ −1 ⊗ I T )X ] −1  E[ X ′ ( Σ −1 ⊗ I T )ε ε ′ ( Σ −1 ⊗ I T )X ]  [ X ′ ( Σ −1 ⊗ I T )X ] −1   MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOvaiaayk W7cqGH9aqpcaaMc8+aamWaaeaaceWGybGbauaadaqadaqaaiabfo6a tnaaCaaaleqabaGaeyOeI0IaaGymaaaakiabgEPielaadMeadaWgaa WcbaGaamivaaqabaaakiaawIcacaGLPaaacaWGybaacaGLBbGaayzx aaWaaWbaaSqabeaacqGHsislcaaIXaaaaOGaaGPaVlaadweadaWada qaaiqadIfagaqbamaabmaabaGaeu4Odm1aaWbaaSqabeaacqGHsisl caaIXaaaaOGaey4LIqSaamysamaaBaaaleaacaWGubaabeaaaOGaay jkaiaawMcaaiabew7aLjqbew7aLzaafaWaaeWaaeaacqqHJoWudaah aaWcbeqaaiabgkHiTiaaigdaaaGccqGHxkcXcaWGjbWaaSbaaSqaai aadsfaaeqaaaGccaGLOaGaayzkaaGaamiwaaGaay5waiaaw2faaiaa ykW7daWadaqaaiqadIfagaqbamaabmaabaGaeu4Odm1aaWbaaSqabe aacqGHsislcaaIXaaaaOGaey4LIqSaamysamaaBaaaleaacaWGubaa beaaaOGaayjkaiaawMcaaiaadIfaaiaawUfacaGLDbaadaahaaWcbe qaaiabgkHiTiaaigdaaaGccaaMc8oaaa@75E0@