RDP 2011-01: Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds Equation

P t r = ∑ s = 1 m ( C s I t , Δ e y t , τ s − Δ i ) e − y t , τ s n = ∑ s = 1 m C s I t , Δ e y t , τ s − Δ i − y t , τ s n . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaDa aaleaacaWG0baabaGaamOCaaaakiabg2da9maaqahabaWaaeWaaeaa caWGdbWaaSbaaSqaaiaadohaaeqaaOGaamysamaaBaaaleaacaWG0b Gaaiilaiabfs5aebqabaGccaWGLbWaaWbaaSqabeaacaWG5bWaa0ba aWqaaiaadshacaGGSaGaeqiXdq3aaSbaaeaacaWGZbaabeaacqGHsi slcqqHuoaraeaacaWGPbaaaaaaaOGaayjkaiaawMcaaiaadwgadaah aaWcbeqaaiabgkHiTiaadMhadaqhaaadbaGaamiDaiaacYcacqaHep aDdaWgaaqaaiaadohaaeqaaaqaaiaad6gaaaaaaOGaeyypa0ZaaabC aeaacaWGdbWaaSbaaSqaaiaadohaaeqaaOGaamysamaaBaaaleaaca WG0bGaaiilaiabfs5aebqabaGccaWGLbWaaWbaaSqabeaacaWG5bWa a0baaWqaaiaadshacaGGSaGaeqiXdq3aaSbaaeaacaWGZbaabeaacq GHsislcqqHuoaraeaacaWGPbaaaSGaeyOeI0IaamyEamaaDaaameaa caWG0bGaaiilaiabes8a0naaBaaabaGaam4CaaqabaaabaGaamOBaa aaaaGccaGGUaaaleaacaWGZbGaeyypa0JaaGymaaqaaiaad2gaa0Ga eyyeIuoaaSqaaiaadohacqGH9aqpcaaIXaaabaGaamyBaaqdcqGHri s5aaaa@79A1@