RDP 1999-01: The Phillips Curve in Australia Equation (9)

Δ 4 ln P t − Δ 4 ln P t−1 =a+δ( Δ P t ∗ − Δ 4 ln P t−1 )+γM A 4 ( U t )+dΔ U t−1 + α 1 ( Δ 4 lnP M t−1 − Δ 4 lnP M t−2 )+ α 2 ( Δln P t−1 −Δln P t−4 ). MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@96BF@