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RDP 2013-11: Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change
Equation (A1)
π
t
=
α
π
t
−
1
+
γ
E
t
π
t
+
1
+
δ
x
t
+
ε
1
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaaeaaaaaaaaa8 qacqaHapaCdaWgaaWcbaGaamiDaaqabaGccqGH9aqpcqaHXoqycqaH apaCdaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeq 4SdCMaamyramaaBaaaleaacaWG0baabeaakiabec8aWnaaBaaaleaa caWG0bGaey4kaSIaaGymaaqabaGccqGHRaWkcqaH0oazcaWG4bWaaS baaSqaaiaadshaaeqaaOGaey4kaSIaeqyTdu2aaSbaaSqaaiaaigda caWG0baabeaaaaa@5262@