RDP 2012-01: Co-movement in Inflation
Equation (3A)
Z
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t
,
common
1
,
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a
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=
(
Σ
p
=
1
2
Σ
n
−
1
7
Σ
i
=
1
3
Δ
y
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t
−
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∗
p
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common
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MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabmOwayaaja Waa0baaSqaaiaadshacaGGSaGaae4yaiaab+gacaqGTbGaaeyBaiaa b+gacaqGUbaabaGaaGymaiaacYcacaWGYbGaamyzaiaadggacaWGSb aaaOGaeyypa0ZaaeWaaeaacqqHJoWudaqhaaWcbaGaamiCaiabg2da 9iaaigdaaeaacaaIYaaaaOGaeu4Odm1aa0baaSqaaiaad6gacqGHsi slcaaIXaaabaGaaG4naaaakiabfo6atnaaDaaaleaacaWGPbGaeyyp a0JaaGymaaqaaiaaiodaaaGccqqHuoarcaWG5bWaa0baaSqaaiaadM gacaGGSaGaamiDaiabgkHiTiaadchaaeaacaWGUbaaaaGccaGLOaGa ayzkaaGaey4fIOIaamiCamaabmaabaWaaecaaeaacqaH4oqCdaqhaa WcbaGaae4yaiaab+gacaqGTbGaaeyBaiaab+gacaqGUbaabaGaaGym aiaacYcacaWGYbGaamyzaiaadggacaWGSbaaaaGccaGLcmaaaiaawI cacaGLPaaaaaa@6E5E@
Equation (3B)
Z
^
t
,
common
2
,
r
e
a
l
=
(
Σ
p
=
1
2
Σ
n
=
1
7
Σ
i
=
1
3
Δ
y
i
,
t
−
p
n
)
∗
p
(
θ
common
2
,
r
e
a
l
^
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabmOwayaaja Waa0baaSqaaiaadshacaGGSaGaae4yaiaab+gacaqGTbGaaeyBaiaa b+gacaqGUbaabaGaaGOmaiaacYcacaWGYbGaamyzaiaadggacaWGSb aaaOGaeyypa0ZaaeWaaeaacqqHJoWudaqhaaWcbaGaamiCaiabg2da 9iaaigdaaeaacaaIYaaaaOGaeu4Odm1aa0baaSqaaiaad6gacqGH9a qpcaaIXaaabaGaaG4naaaakiabfo6atnaaDaaaleaacaWGPbGaeyyp a0JaaGymaaqaaiaaiodaaaGccqqHuoarcaWG5bWaa0baaSqaaiaadM gacaGGSaGaamiDaiabgkHiTiaadchaaeaacaWGUbaaaaGccaGLOaGa ayzkaaGaey4fIOIaamiCamaabmaabaWaaecaaeaacqaH4oqCdaqhaa WcbaGaae4yaiaab+gacaqGTbGaaeyBaiaab+gacaqGUbaabaGaaGOm aiaacYcacaWGYbGaamyzaiaadggacaWGSbaaaaGccaGLcmaaaiaawI cacaGLPaaaaaa@6E79@