RDP 1999-01: The Phillips Curve in Australia Equation (15)

Δ 4 ln P t − Δ 4 ln P t−1 =δ( Δ P t ∗ − Δ 4 ln P t−1 )+ ξ t . MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0IaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabg2da9iabes7aKnaabmaabaGaeuiLdqKaamiuamaaDaaaleaacaWG0baabaGaey4fIOcaaOGaeyOeI0IaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaaaOGaayjkaiaawMcaaiabgUcaRiabe67a4naaBaaaleaacaWG0baabeaakiaac6caaaa@5AF8@