RDP 9212: Changes in the Characteristics of the Australian Business Cycle: Some Lessons for Monetary Policy from the 1980s and Early 1990s Equation (2.4)

\begin{array}{l} L^{S} = g (q, i, L_{- 1}), & {g^{'}}_{1} > 0 & {g^{'}}_{2} > 0 & {g^{'}}_{3} < 0 \end{array}