RDP 2012-08: Estimation and Solution of Models with Expectations and Structural Changes Equation (28)

r t =   r t 1 + ρ π   ( π t π c b ) + ρ g ( g t g c b ) + ε r , t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaBa aaleaacaWG0baabeaakiabg2da9iaabccacaWGYbWaaSbaaSqaaiaa dshacqGHsislcaaIXaaabeaakiabgUcaRiabeg8aYnaaBaaaleaacq aHapaCaeqaaOGaaeiiaiaacIcacqaHapaCdaWgaaWcbaGaamiDaaqa baGccqGHsislcqaHapaCdaWgaaWcbaGaam4yaiaadkgaaeqaaOGaai ykaiabgUcaRiabeg8aYnaaBaaaleaacaWGNbaabeaakiaacIcacaWG NbWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0Iaam4zamaaBaaaleaaca WGJbGaamOyaaqabaGccaGGPaGaey4kaSIaeqyTdu2aaSbaaSqaaiaa dkhacaGGSaGaamiDaaqabaGccaGGUaaaaa@5CE6@