RDP 1999-01: The Phillips Curve in Australia Equation (5)

Δ 4 ln P t e =( 1δ ) Δ 4 ln P t1 +δΔ P t * , MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaa0baaSqaaiaadshaaeaacaWGLbaaaOGaeyypa0ZaaeWaaeaacaaIXaGaeyOeI0IaeqiTdqgacaGLOaGaayzkaaGaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabgUcaRiabes7aKjabfs5aejaadcfadaqhaaWcbaGaamiDaaqaaiaacQcaaaGccaGGSaaaaa@5237@