RDP 2016-02: Disagreement about Inflation Expectations
Equation (5)
σ
t
,
t
+
4
=
c
j
+
∑
i
=
1
4
γ
j
,
i
|
ω
j
,
t
−
i
|
+
ε
j
,
t
,
j
=
G
D
P
,
u
n
e
m
p
l
o
y
m
e
n
t
,
…
,
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