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RDP 2013-07: An Empirical BVAR-DSGE Model of the Australian Economy
Equation
max
L
2
,
t
,
K
2
,
t
−
1
(
S
t
P
2
,
t
∗
P
t
Y
2
t
−
W
2
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t
L
2
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t
−
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t
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Y
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=
A
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t
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t
L
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1
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α
2
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K
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α
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