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RDP 2008-07: A Medium-Scale Open Economy Model of Australia
Equation
π
^
t
c
=
(
1
−
ω
c
)
(
γ
d
,
c
)
−
(
1
−
η
c
)
π
^
t
d
+
ω
c
(
γ
m
c
,
c
)
−
(
1
−
η
c
)
π
^
t
m
,
c
.
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