RDP 2011-01: Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds Equation (A5)

y t , τ i = log ( E t ( M t + τ i M t i ) ) . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaDa aaleaacaWG0bGaaiilaiabes8a0bqaaiaadMgaaaGccqGH9aqpcqGH sislciGGSbGaai4BaiaacEgadaqadaqaamrr1ngBPrwtHrhAYaqegu uDJXwAKbstHrhAGq1DVbacfaGae8hHWx0aaSbaaSqaaiaadshaaeqa aOWaaeWaaeaadaWcaaqaaiaad2eadaqhaaWcbaGaamiDaiabgUcaRi abes8a0bqaaiaadMgaaaaakeaacaWGnbWaa0baaSqaaiaadshaaeaa caWGPbaaaaaaaOGaayjkaiaawMcaaaGaayjkaiaawMcaaiaac6caaa a@59B5@