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RDP 9509: Australian Wage and Price Inflation: 1971–1994
Equation (A3)
U
=
1
γ
1
+
β
1
[
β
0
+
γ
0
−
(
β
2
−
γ
2
)
Δ
U
+
γ
3
z
w
+
β
3
z
p
−
(
β
4
−
γ
4
)
(
p
−
p
e
)
−
(
β
5
−
γ
5
)
ϕ
]
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