RBA Annual Conference – 2016 Equation (9)

ν^{T} = (\sum_{j} \frac{{\bar{w}}_{j}}{{\bar{ν}}_{j}^{V}} ν_{j}^{T}) + (\sum_{j} {\bar{w}}_{j} \frac{{\bar{ν}}_{j}^{K}}{{\bar{ν}}_{j}^{V}} Δln K_{j} - {\bar{ν}}_{K} Δln K) + (\sum_{j} {\bar{w}}_{j} \frac{{\bar{ν}}_{j}^{L}}{{\bar{ν}}_{j}^{V}} Δln L_{j} - {\bar{ν}}_{L} Δln L)