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RDP 9809: Estimating Output Gaps
Equation (8)
π
t
=
0.51
(
0.10
)
π
t
−
1
+
0.45
(
0.10
)
π
t
−
2
+
0.04
(
0.01
)
π
t
−
1
*
+
0.07
(
0.02
)
(
y
t
−
y
t
T
)
R
S
S
=
0.00058
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