RDP 1999-01: The Phillips Curve in Australia Equation (7)

Δ 4 ln P t − Δ 4 ln P t−1 =a+δ( Δ P t ∗ − Δ 4 ln P t−1 )+γ U t , MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0IaeuiLdq0aaSbaaSqaaiaaisdaaeqaaOGaciiBaiaac6gacaWGqbWaaSbaaSqaaiaadshacqGHsislcaaIXaaabeaakiabg2da9iaadggacqGHRaWkcqaH0oazdaqadaqaaiabfs5aejaadcfadaqhaaWcbaGaamiDaaqaaiabgEHiQaaakiabgkHiTiabfs5aenaaBaaaleaacaaI0aaabeaakiGacYgacaGGUbGaamiuamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaaakiaawIcacaGLPaaacqGHRaWkcqaHZoWzcaWGvbWaaSbaaSqaaiaadshaaeqaaOGaaiilaaaa@5D7C@