RDP 9509: Australian Wage and Price Inflation: 1971–1994
Equation (A8)
(
w
−
p
)
−
(
w
−
p
)
*
=
(
β
4
γ
1
−
β
1
γ
4
)
γ
1
+
β
1
(
p
−
p
e
)
+
(
β
2
γ
1
−
β
1
γ
2
)
γ
1
+
β
1
Δ
U
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