RDP 2007-01: A Structural Model of Australia as a Small Open Economy
Equation (A14)
w
t
−
p
t
=
φ
(
y
t
−
a
t
)
+
γ
(
c
t
−
η
c
t
−
1
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4DamaaBaaaleaacaWG0baabeaakiabgkHiTiaadchadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcqaHgpGAdaqadaqaaiaadMhadaWgaaWcbaGaamiDaaqabaGccqGHsislcaWGHbWaaSbaaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaGaey4kaSIaeq4SdC2aaeWaaeaacaWGJbWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0Iaeq4TdGMaam4yamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaaakiaawIcacaGLPaaaaaa@512C@