RDP 1999-01: The Phillips Curve in Australia Equation (4)

Δ 4 ln P t =ϕ Δ 4 ln P t e +γ z t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0Jaeqy1dyMaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaa0baaSqaaiaadshaaeaacaWGLbaaaOGaey4kaSIaeq4SdCMaamOEamaaBaaaleaacaWG0baabeaaaaa@4ADE@