RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation Equation (1)

π t = α 1 + i = 1 4 β 1 i π t i + i = 1 4 φ 1 i y t i + i = 1 4 γ 1 i i t i + i = 1 4 ϑ 1 i m t i + u 1 t y t = α 2 + i = 1 4 β 2 i π t i + i = 1 4 φ 2 i y t i + i = 1 4 γ 2 i i t i + i = 1 4 ϑ 2 i m t i + u 2 t i t = α 3 + i = 1 4 β 3 i π t i + i = 1 4 φ 3 i y t i + i = 1 4 γ 3 i i t i + i = 1 4 ϑ 3 i m t i + u 3 t m t = α 4 + i = 1 4 β 4 i π t i + i = 1 4 φ 4 i y t i + i = 1 4 γ 4 i i t i + i = 1 4 ϑ 4 i m t i + u 4 t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabqqaaa aabaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySde2a aSbaaSqaaiaaigdaaeqaaOGaey4kaSYaaabCaeaacqaHYoGydaWgaa WcbaGaaGymaiaadMgaaeqaaOGaeqiWda3aaSbaaSqaaiaadshacqGH sislcaWGPbaabeaakiabgUcaRaWcbaGaamyAaiabg2da9iaaigdaae aacaaI0aaaniabggHiLdGcdaaeWbqaaiabeA8aQnaaBaaaleaacaaI XaGaamyAaaqabaGccaWG5bWaaSbaaSqaaiaadshacqGHsislcaWGPb aabeaakiabgUcaRmaaqahabaGaeq4SdC2aaSbaaSqaaiaaigdacaWG PbaabeaakiaadMgadaWgaaWcbaGaamiDaiabgkHiTiaadMgaaeqaaO Gaey4kaSYaaabCaeaacqaHrpGsdaWgaaWcbaGaaGymaiaadMgaaeqa aOGaamyBamaaBaaaleaacaWG0bGaeyOeI0IaamyAaaqabaGccqGHRa WkcaWG1bWaaSbaaSqaaiaaigdacaWG0baabeaaaeaacaWGPbGaeyyp a0JaaGymaaqaaiaaisdaa0GaeyyeIuoaaSqaaiaadMgacqGH9aqpca aIXaaabaGaaGinaaqdcqGHris5aaWcbaGaamyAaiabg2da9iaaigda aeaacaaI0aaaniabggHiLdaakeaacaWG5bWaaSbaaSqaaiaadshaae qaaOGaeyypa0JaeqySde2aaSbaaSqaaiaaikdaaeqaaOGaey4kaSYa aabCaeaacqaHYoGydaWgaaWcbaGaaGOmaiaadMgaaeqaaOGaeqiWda 3aaSbaaSqaaiaadshacqGHsislcaWGPbaabeaakiabgUcaRaWcbaGa amyAaiabg2da9iaaigdaaeaacaaI0aaaniabggHiLdGcdaaeWbqaai abeA8aQnaaBaaaleaacaaIYaGaamyAaaqabaGccaWG5bWaaSbaaSqa aiaadshacqGHsislcaWGPbaabeaakiabgUcaRmaaqahabaGaeq4SdC 2aaSbaaSqaaiaaikdacaWGPbaabeaakiaadMgadaWgaaWcbaGaamiD aiabgkHiTiaadMgaaeqaaOGaey4kaSYaaabCaeaacqaHrpGsdaWgaa WcbaGaaGOmaiaadMgaaeqaaOGaamyBamaaBaaaleaacaWG0bGaeyOe I0IaamyAaaqabaGccqGHRaWkcaWG1bWaaSbaaSqaaiaaikdacaWG0b aabeaaaeaacaWGPbGaeyypa0JaaGymaaqaaiaaisdaa0GaeyyeIuoa aSqaaiaadMgacqGH9aqpcaaIXaaabaGaaGinaaqdcqGHris5aaWcba GaamyAaiabg2da9iaaigdaaeaacaaI0aaaniabggHiLdaakeaacaWG PbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySde2aaSbaaSqaai aaiodaaeqaaOGaey4kaSYaaabCaeaacqaHYoGydaWgaaWcbaGaaG4m aiaadMgaaeqaaOGaeqiWda3aaSbaaSqaaiaadshacqGHsislcaWGPb aabeaakiabgUcaRaWcbaGaamyAaiabg2da9iaaigdaaeaacaaI0aaa niabggHiLdGcdaaeWbqaaiabeA8aQnaaBaaaleaacaaIZaGaamyAaa qabaGccaWG5bWaaSbaaSqaaiaadshacqGHsislcaWGPbaabeaakiab gUcaRmaaqahabaGaeq4SdC2aaSbaaSqaaiaaiodacaWGPbaabeaaki aadMgadaWgaaWcbaGaamiDaiabgkHiTiaadMgaaeqaaOGaey4kaSYa aabCaeaacqaHrpGsdaWgaaWcbaGaaG4maiaadMgaaeqaaOGaamyBam aaBaaaleaacaWG0bGaeyOeI0IaamyAaaqabaGccqGHRaWkcaWG1bWa aSbaaSqaaiaaiodacaWG0baabeaaaeaacaWGPbGaeyypa0JaaGymaa qaaiaaisdaa0GaeyyeIuoaaSqaaiaadMgacqGH9aqpcaaIXaaabaGa aGinaaqdcqGHris5aaWcbaGaamyAaiabg2da9iaaigdaaeaacaaI0a aaniabggHiLdaakeaacaWGTbWaaSbaaSqaaiaadshaaeqaaOGaeyyp a0JaeqySde2aaSbaaSqaaiaaisdaaeqaaOGaey4kaSYaaabCaeaacq aHYoGydaWgaaWcbaGaaGinaiaadMgaaeqaaOGaeqiWda3aaSbaaSqa aiaadshacqGHsislcaWGPbaabeaakiabgUcaRaWcbaGaamyAaiabg2 da9iaaigdaaeaacaaI0aaaniabggHiLdGcdaaeWbqaaiabeA8aQnaa BaaaleaacaaI0aGaamyAaaqabaGccaWG5bWaaSbaaSqaaiaadshacq GHsislcaWGPbaabeaakiabgUcaRmaaqahabaGaeq4SdC2aaSbaaSqa aiaaisdacaWGPbaabeaakiaadMgadaWgaaWcbaGaamiDaiabgkHiTi aadMgaaeqaaOGaey4kaSYaaabCaeaacqaHrpGsdaWgaaWcbaGaaGin aiaadMgaaeqaaOGaamyBamaaBaaaleaacaWG0bGaeyOeI0IaamyAaa qabaGccqGHRaWkcaWG1bWaaSbaaSqaaiaaisdacaWG0baabeaaaeaa caWGPbGaeyypa0JaaGymaaqaaiaaisdaa0GaeyyeIuoaaSqaaiaadM gacqGH9aqpcaaIXaaabaGaaGinaaqdcqGHris5aaWcbaGaamyAaiab g2da9iaaigdaaeaacaaI0aaaniabggHiLdaaaaaa@41A4@