RDP 1999-01: The Phillips Curve in Australia Equation (14)

Δ 4 lnUL C t − Δ 4 ln P t−1 =δ( Δ P t ∗ − Δ 4 ln P t−1 )+γ ( U t − U t ∗ ) U t +d Δ U t−1 U t + c( Δ 4 lnUL C t−1 − Δ 4 ln P t−2 )+ α 2 ( ΔlnUL C t−1 −ΔlnUL C t−4 ), MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaGabeaacqqHuo ardaWgaaWcbaGaaGinaaqabaGcciGGSbGaaiOBaiaadwfacaWGmbGa am4qamaaBaaaleaacaWG0baabeaakiabgkHiTiabfs5aenaaBaaale aacaaI0aaabeaakiGacYgacaGGUbGaamiuamaaBaaaleaacaWG0bGa eyOeI0IaaGymaaqabaGccqGH9aqpcqaH0oazdaqadaqaaiabfs5aej aadcfadaqhaaWcbaGaamiDaaqaaiabgEHiQaaakiabgkHiTiabfs5a enaaBaaaleaacaaI0aaabeaakiGacYgacaGGUbGaamiuamaaBaaale aacaWG0bGaeyOeI0IaaGymaaqabaaakiaawIcacaGLPaaacqGHRaWk cqaHZoWzdaWcaaqaamaabmaabaGaamyvamaaBaaaleaacaWG0baabe aakiabgkHiTiaadwfadaqhaaWcbaGaamiDaaqaaiabgEHiQaaaaOGa ayjkaiaawMcaaaqaaiaadwfadaWgaaWcbaGaamiDaaqabaaaaOGaey 4kaSIaamizamaalaaabaGaeuiLdqKaamyvamaaBaaaleaacaWG0bGa eyOeI0IaaGymaaqabaaakeaacaWGvbWaaSbaaSqaaiaadshaaeqaaa aakiabgUcaRaqaaiaadogadaqadaqaaiabfs5aenaaBaaaleaacaaI 0aaabeaakiGacYgacaGGUbGaamyvaiaadYeacaWGdbWaaSbaaSqaai aadshacqGHsislcaaIXaaabeaakiabgkHiTiabfs5aenaaBaaaleaa caaI0aaabeaakiGacYgacaGGUbGaamiuamaaBaaaleaacaWG0bGaey OeI0IaaGOmaaqabaaakiaawIcacaGLPaaacqGHRaWkcqaHXoqydaWg aaWcbaGaaGOmaaqabaGcdaqadaqaaiabfs5aejGacYgacaGGUbGaam yvaiaadYeacaWGdbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaa kiabgkHiTiabfs5aejGacYgacaGGUbGaamyvaiaadYeacaWGdbWaaS baaSqaaiaadshacqGHsislcaaI0aaabeaaaOGaayjkaiaawMcaaiaa cYcaaaaa@9AA6@