... uniequational estimates(Schumacher, 2005).18ECB Working Paper Series No 804August 2007ISSN 1561081-09 771561 081005 WORKING PAPER SERIES NO 804 / AUGUST 2007GROWTH ACCOUNTING FOR THE EURO ... (1) arebroken down additively into their permanent (denoted by the superscript P ) and transitory (denoted9ECB Working Paper Series No 804August 2007by the superscript T ) components, giving:ft= ... κ†tare two mutually and serially independent Gaussian disturbances, ζ†t∼ NID(0, Σζ), κ†t∼20ECB Working Paper Series No 804August 2007NID(0, λΣζ), and the scalar polynomial ϕ(L) is such...