Skip to content
RDP 2005-11: A Small Model of the Australian Macroeconomy: An Update
Equation (5)
Δ
u
l
c
t
∗
=
0.25
Δ
4
p
t
−
1
c
,
h
,
e
x
G
S
T
+
ρ
1
1
g
a
p
t
−
1
+
ρ
2
1
Δ
u
l
c
∗
d
e
v
t
−
1
+
ρ
3
∑
i
=
2
4
(
Δ
u
l
c
t
−
i
∗
−
Δ
p
t
−
i
c
,
h
,
e
x
G
S
T
)
+
ρ
4
1
b
o
n
d
d
e
v
t
−
1
+
η
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaabbeaacqGHuo arcaWG1bGaamiBaiaadogadaqhaaWcbaGaamiDaaqaaiabgEHiQaaa kiabg2da9iaaicdacaGGUaGaaGOmaiaaiwdacWaJaAiLdq0aaSbaaS qaaiaaisdaaeqaaOGaamiCamaaDaaaleaacaWG0baccaGae8NeI0Ia aGymaaqaaiaadogacaGGSaGaamiAaiaacYcacaGGLbGaaiiEaiaacE eacaGGtbGaaiivaaaakiabgUcaRiabeg8aYnaaDaaaleaacaaIXaaa baGaaGymaaaakiaadEgacaWGHbGaamiCamaaBaaaleaacaWG0bGae8 NeI0IaaGymaaqabaGccqGHRaWkcqaHbpGCdaqhaaWcbaGaaGOmaaqa aiaaigdaaaGccWaJaAiLdqKaamyDaiaadYgacaWGJbWaaWbaaSqabe aacqGHxiIkaaGccaWGKbGaamyzaiaadAhadaWgaaWcbaGaamiDaiab =jHiTiaaigdaaeqaaOGaey4kaScabaGaeqyWdi3aaSbaaSqaaiaaio daaeqaaOWaaabmaeaadaqadaqaaiadmcOHuoarcaWG1bGaamiBaiaa dogadaqhaaWcbaGaamiDaiab=jHiTiaadMgaaeaacqGHxiIkaaGccq WFsislcWaJaAiLdqKaamiCamaaDaaaleaacaWG0bGae8NeI0IaamyA aaqaaiaadogacaGGSaGaamiAaiaacYcacaWGLbGaamiEaiaadEeaca WGtbGaamivaaaaaOGaayjkaiaawMcaaaWcbaGaamyAaiabg2da9iaa ikdaaeaacaaI0aaaniabggHiLdGccqGHRaWkcqaHbpGCdaqhaaWcba GaaGinaaqaaiaaigdaaaGccaWGIbGaam4Baiaad6gacaWGKbGaamiz aiaadwgacaWG2bWaaSbaaSqaaiaadshacqWFsislcaaIXaaabeaaki abgUcaRiabeE7aOnaaBaaaleaacaWG0baabeaakiaac6caaaaa@9E43@