Skip to content
RDP 2002-06: Output Gaps in Real Time: are they Reliable Enough to use for Monetary Policy?
Equation (A1)
Δ
π
t
=
Γ
t
+γ
(
y
t
−
y
t
*
)
+
∑
i
=
0
4
δ
i
Δ
(
y
t
−
i
−
y
t
−
i
*
)
+
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaae iWdmaaBaaaleaacaWG0baabeaakiabg2da9iabfo5ahnaaBaaaleaa caWG0baabeaakiaabUcacaqGZoWaaeWaaeaacaWG5bWaaSbaaSqaai aadshaaeqaaOGaeyOeI0IaamyEamaaDaaaleaacaWG0baabaGaaiOk aaaaaOGaayjkaiaawMcaaiabgUcaRmaaqahabaGaaeiTdmaaBaaale aacaWGPbaabeaakiabfs5aenaabmaabaGaamyEamaaBaaaleaacaWG 0bGaeyOeI0IaamyAaaqabaGccqGHsislcaWG5bWaa0baaSqaaiaads hacqGHsislcaWGPbaabaGaaiOkaaaaaOGaayjkaiaawMcaaiabgUca RaWcbaGaamyAaiabg2da9iaaicdaaeaacaaI0aaaniabggHiLdGcca qG1oWaaSbaaSqaaiaadshaaeqaaaaa@5FA9@