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RDP 9706: Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
Equation (4)
π
t
=
π
t
e
+
exp
(
γ
(
u
∗
−
u
t
)
)
−
1
+
ε
t
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqiWda3aa0baaSqaaiaadshaaeaacaWGLbaaaOGaey4kaSIaciyzaiaacIhacaGGWbWaaeWaaeaacqaHZoWzdaqadaqaaiaadwhadaahaaWcbeqaaiabgEHiQaaakiabgkHiTiaadwhadaWgaaWcbaGaamiDaaqabaaakiaawIcacaGLPaaaaiaawIcacaGLPaaacqGHsislcaaIXaGaey4kaSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaOGaaiilaaaa@5179@