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

E t a z t+1 =P z t + j=1 S j ( IBP ) 1 c t a MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbiqaaWOftuuDJXwAK1uy0HMmaeHbfv3ySLgzG0uy0HgiuD3BaGqbaabaaaaaaaaapeGae8hHWx0aa0baaSqaaiaadshaaeaacaWGHbaaaOGaamOEamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGH9aqpcaWGqbGaamOEamaaBaaaleaacaWG0baabeaakiabgUcaRmaaqahabaGaam4uamaaCaaaleqabaGaamOAaaaaaeaacaWGQbGaeyypa0JaaGymaaqaaiabg6HiLcqdcqGHris5aOWaaeWaaeaacaWGjbGaeyOeI0IaamOqaiaadcfaaiaawIcacaGLPaaadaahaaWcbeqaaiabgkHiTiaaigdaaaGccaWGJbWaa0baaSqaaiaadshaaeaacaWGHbaaaaaa@5F6F@