RDP 9704: Financial Aggregates as Conditioning Information for Australian Output and Inflation
Equation (2)
Δ
y
t
=
α
+
∑
j
=
2
6
β
j
r
t
−
j
+
∑
j
=
1
2
γ
j
Δ
y
t
−
j
f
+
ϕ
y
t
−
1
+
θ
w
t
−
1
+
π
Δ
w
t
+
ε
t
,
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