RDP 9509: Australian Wage and Price Inflation: 1971–1994
Equation (4)
(
w
−
p
)
*
=
1
γ
1
+
β
1
[
β
1
γ
0
−
β
0
γ
1
+
β
1
γ
3
z
w
−
β
3
γ
1
z
p
+
(
β
5
γ
1
+
β
1
γ
5
)
ϕ
]
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