Skip to content
RDP 2005-05: Underlying Inflation: Concepts, Measurement and Performance
Equation (6)
Δ
π
t
=
α
10
+
α
11
(
π
t
−
1
−
π
t
−
1
∗
)
+
α
12
(
π
t
−
1
−
π
¯
)
+
ε
1
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdqKaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySde2aaSbaaSqaaiaaigdacaaIWaaabeaakiabgUcaRiabeg7aHnaaBaaaleaacaaIXaGaaGymaaqabaGcdaqadaqaaiabec8aWnaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHsislcqaHapaCdaqhaaWcbaGaamiDaiabgkHiTiaaigdaaeaacqGHxiIkaaaakiaawIcacaGLPaaacqGHRaWkcqaHXoqydaWgaaWcbaGaaGymaiaaikdaaeqaaOWaaeWaaeaacqaHapaCdaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaeyOeI0IafqiWdaNbaebaaiaawIcacaGLPaaacqGHRaWkcqaH1oqzdaWgaaWcbaGaaGymaiaadshaaeqaaaaa@60C7@