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RDP 2011-01: Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds
Equation
M
2
,
τ
=
∫
0
τ
e
−
K
s
Σ
Σ
′
e
−
K
′
s
d
s
=
−
ν
e
c
−
1
(
(
(
K
⊗
I
)
+
(
I
⊗
K
)
)
−
1
ν
e
c
(
e
−
K
τ
Σ
Σ
′
e
−
K
′
τ
−
Σ
Σ
′
)
)
.
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