RDP 2011-01: Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds
Equation
P
y
k
=
∑
i
=
1
L
[
w
i
(
c
1
)
(
φ
k
i
−
φ
k
L
+
i
)
[
2
]
+
w
i
(
c
2
)
(
φ
k
i
+
φ
k
L
+
i
−
2
φ
k
0
)
[
2
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+
R
k
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