RDP 9509: Australian Wage and Price Inflation: 1971–1994 Equation

U * z p = β 3 γ 1 + β 1 >0 ( wp ) * z p = β 3 γ 1 γ 1 + β 1 <0 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaamaalaaabaGaeyOaIyRaamyvamaaCaaaleqabaGaaiOkaaaaaOqa aiabgkGi2kaadQhadaWgaaWcbaGaamiCaaqabaaaaOGaeyypa0ZaaS aaaeaacqaHYoGydaWgaaWcbaGaaG4maaqabaaakeaacqaHZoWzdaWg aaWcbaGaaGymaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaGymaa qabaaaaOGaeyOpa4JaaGimaaqaamaalaaabaGaeyOaIy7aaeWaaeaa caWG3bGaeyOeI0IaamiCaaGaayjkaiaawMcaamaaCaaaleqabaGaai OkaaaaaOqaaiabgkGi2kaadQhadaWgaaWcbaGaamiCaaqabaaaaaaa kiabg2da9iabgkHiTmaalaaabaGaeqOSdi2aaSbaaSqaaiaaiodaae qaaOGaeq4SdC2aaSbaaSqaaiaaigdaaeqaaaGcbaGaeq4SdC2aaSba aSqaaiaaigdaaeqaaOGaey4kaSIaeqOSdi2aaSbaaSqaaiaaigdaae qaaaaakiabgYda8iaaicdaaaa@618B@