RDP 2002-06: Output Gaps in Real Time: are they Reliable Enough to use for Monetary Policy?
Equation (2)
L
=
∑
t
=
1
n
ε
t
2
+
λ
P
C
∑
t
=
2
n
−
1
(
(
y
t
+
1
*
−
y
t
*
)
−
(
y
t
*
−
y
t
−
1
*
)
)
2
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