Skip to content
RDP 2013-11: Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change
Equation (8)
π
t
=
0.007
(
0.4
)
+
0.21
(
1.7
)
π
t
−
1
+
0.70
(
3.1
)
E
t
π
t
+
1
+
0.01
(
0.4
)
x
t
+
ε
1
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaaeaaaaaaaaa8 qacqaHapaCdaWgaaWcbaGaamiDaaqabaGccqGH9aqpdaWfqaqaaiaa icdacaGGUaGaaGimaiaaicdacaaI3aaaleaadaqadaqaaiaaicdaca GGUaGaaGinaaGaayjkaiaawMcaaaqabaGccqGHRaWkdaWfqaqaaiaa icdacaGGUaGaaGOmaiaaigdaaSqaamaabmaabaGaaGymaiaac6caca aI3aaacaGLOaGaayzkaaaabeaakiabec8aWnaaBaaaleaacaWG0bGa eyOeI0IaaGymaaqabaGccqGHRaWkdaWfqaqaaiaaicdacaGGUaGaaG 4naiaaicdaaSqaamaabmaabaGaaG4maiaac6cacaaIXaaacaGLOaGa ayzkaaaabeaakiaadweadaWgaaWcbaGaamiDaaqabaGccqaHapaCda WgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaey4kaSYaaCbeaeaa caaIWaGaaiOlaiaaicdacaaIXaaaleaadaqadaqaaiaaicdacaGGUa GaaGinaaGaayjkaiaawMcaaaqabaGccaWG4bWaaSbaaSqaaiaadsha aeqaaOGaey4kaSIaeqyTdu2aaSbaaSqaaiaaigdacaWG0baabeaaaa a@6A81@