RDP 2015-07: A Multi-sector Model of the Australian Economy
Equation (A32)
r
^
t
=
ρ
r
r
^
t
−
1
+
(
1
−
ρ
r
)
(
ϕ
π
π
^
t
+
ϕ
y
y
^
t
ν
a
)
+
ϕ
Δ
y
(
y
^
t
ν
a
−
y
^
t
−
1
ν
a
)
+
ϕ
q
(
q
^
t
−
q
^
t
−
1
)
+
ε
r
,
t
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