RDP 2002-06: Output Gaps in Real Time: are they Reliable Enough to use for Monetary Policy? Equation (A2)

Γ t = ∑ j κ j Δπ t−j + β j bond t−j + η j oil t−j + ξ j import t−j . MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@643D@