RDP 2011-01: Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds
Equation (6)
P
t
r
=
∑
s
=
i
m
C
s
I
t
,
Δ
e
−
y
t
,
τ
s
n
+
α
τ
s
−
Δ
*
+
β
τ
s
−
Δ
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′
x
t
=
H
1
(
x
t
)
.
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