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RDP 2013-11: Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change
Equation (4)
z
t
=
c
t
+
A
z
t
−
1
+
B
E
t
z
t
+
1
+
ε
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbiqaaWOfqaaaaaaaaaWdbiaadQhadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcaWGJbWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaamyqaiaadQhadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaamOqamrr1ngBPrwtHrhAYaqeguuDJXwAKbstHrhAGq1DVbacfaGae8hHWx0aaSbaaSqaaiaadshaaeqaaOGaamOEamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaamiDaaqabaaaaa@57B4@