RDP 1999-01: The Phillips Curve in Australia
Equation (1)
Δ
k
ln
P
t
=
c
+
β
1
Δ
k
ln
U
L
C
t
+
β
2
Δ
k
ln
P
M
t
−
j
+
β
3
x
1
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aaSbaaSqaaiaadUgaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0Jaam4yaiabgUcaRiabek7aInaaBaaaleaacaaIXaaabeaakiabfs5aenaaBaaaleaacaWGRbaabeaakiGacYgacaGGUbGaamyvaiaadYeacaWGdbWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqOSdi2aaSbaaSqaaiaaikdaaeqaaOGaeuiLdq0aaSbaaSqaaiaadUgaaeqaaOGaciiBaiaac6gacaWGqbGaamytamaaBaaaleaacaWG0bGaeyOeI0IaamOAaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaG4maaqabaGccaWG4bWaaSbaaSqaaiaaigdacaWG0baabeaaaaa@5CC6@