RDP 2003-12: The Real-Time Forecasting Performance of Phillips Curves Equation (3)

π t =0.22 f t pc +0.78 f t ar + ε t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaaGimaiaac6cacaaIYaGaaGOmaiaadAgadaqhaaWcbaGaamiDaaqaaiaadchacaWGJbaaaOGaey4kaSIaaGimaiaac6cacaaI3aGaaGioaiaadAgadaqhaaWcbaGaamiDaaqaaiaadggacaWGYbaaaOGaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaaaa@4C39@