RDP 2016-02: Disagreement about Inflation Expectations
Equation (6)
σ
t
,
t
+
4
=
c
j
+
β
1
π
t
+
β
2
|
π
t
−
2.5
|
+
∑
k
=
1
4
σ
t
−
k
,
t
−
k
+
4
+
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeq4Wdm3aaS baaSqaaiaadshacaGGSaGaamiDaiabgUcaRiaaisdaaeqaaOGaeyyp a0Jaam4yamaaBaaaleaacaWGQbaabeaakiabgUcaRiabek7aInaaBa aaleaacaaIXaaabeaakiabec8aWnaaBaaaleaacaWG0baabeaakiab gUcaRiabek7aInaaBaaaleaacaaIYaaabeaakiaacYhacqaHapaCda WgaaWcbaGaamiDaaqabaGccqGHsislcaaIYaGaaiOlaiaaiwdacaGG 8bGaey4kaSYaaabmaeaacqaHdpWCdaWgaaWcbaGaamiDaiabgkHiTi aadUgacaGGSaGaamiDaiabgkHiTiaadUgacqGHRaWkcaaI0aaabeaa kiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaaaeaacaWGRbGaey ypa0JaaGymaaqaaiaaisdaa0GaeyyeIuoaaaa@650A@