RDP 2013-11: Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change Equation

Z t = E t j=0 S j ( IBP ) 1 c t a +Q ε t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbiqaaWOfqaaaaaaaaaWdbiaacQfadaWgaaWcbaGaamiDaaqabaGccqGH9aqptuuDJXwAK1uy0HMmaeHbfv3ySLgzG0uy0HgiuD3BaGqbaiab=ri8fnaaBaaaleaacaWG0baabeaakmaaqahabaGaam4uamaaCaaaleqabaGaamOAaaaaaeaacaWGQbGaeyypa0JaaGimaaqaaiabg6HiLcqdcqGHris5aOWaaeWaaeaacaWGjbGaeyOeI0IaamOqaiaadcfaaiaawIcacaGLPaaadaahaaWcbeqaaiabgkHiTiaaigdaaaGccaWGJbWaa0baaSqaaiaadshaaeaacaWGHbaaaOGaey4kaSIaamyuaiabew7aLnaaBaaaleaacaWG0baabeaaaaa@5D72@