Skip to content
RDP 2005-05: Underlying Inflation: Concepts, Measurement and Performance
Equation
ln
L
=
−
1
2
∑
i
=
1
N
∑
t
=
1
T
ln
(
σ
i
2
w
i
t
)
−
1
2
∑
i
=
1
N
∑
t
=
1
T
w
i
t
σ
i
2
(
π
i
t
−
π
t
∗
)
2
.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@726C@