RDP 2003-12: The Real-Time Forecasting Performance of Phillips Curves
Equation (A1)
π
t
=
π
t
e
+
γ
(
y
t
−
y
t
∗
)
+
θ
Z
t
+
ε
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqiWda3aa0baaSqaaiaadshaaeaacaWGLbaaaOGaey4kaSIaeq4SdC2aaeWaaeaacaWG5bWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0IaamyEamaaDaaaleaacaWG0baabaGaey4fIOcaaaGccaGLOaGaayzkaaGaey4kaSIaeqiUdeNaamOwamaaBaaaleaacaWG0baabeaakiabgUcaRiabew7aLnaaBaaaleaacaWG0baabeaaaaa@505A@