RDP 2003-12: The Real-Time Forecasting Performance of Phillips Curves Equation (6)

Δ 4 p t =0.51 f t pc +0.49 f t rw + ε t . MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaamiCamaaBaaaleaacaWG0baabeaakiabg2da9iaaicdacaGGUaGaaGynaiaaigdacaWGMbWaa0baaSqaaiaadshaaeaacaWGWbGaam4yaaaakiabgUcaRiaaicdacaGGUaGaaGinaiaaiMdacaWGMbWaa0baaSqaaiaadshaaeaacaWGYbGaam4DaaaakiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaakiaac6caaaa@4E9D@