RDP 2000-05: A Small Model of the Australian Macroeconomy
Equation (1)
Δ
y
t
=
α
1
+
∑
i
=
2
7
α
2
i
r
t
−
i
+
α
3
y
t
−
1
+
α
4
y
t
−
1
U
S
+
α
5
s
t
−
1
+
α
6
(
Δ
y
t
−
1
+
Δ
y
t
−
2
)
+
α
7
∑
i
=
3
6
Δ
i
p
t
−
i
O
E
C
D
+
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacqqHuo arcaWG5bWaaSbaaSqaaiaadshaaeqaaOGaeyypa0JaeqySde2aaSba aSqaaiaaigdaaeqaaOGaey4kaSYaaabCaeaacqaHXoqydaqhaaWcba GaaGOmaaqaaiaadMgaaaGccaWGYbWaaSbaaSqaaiaadshacqGHsisl caWGPbaabeaakiabgUcaRiabeg7aHnaaBaaaleaacaaIZaaabeaaae aacaWGPbGaeyypa0JaaGOmaaqaaiaaiEdaa0GaeyyeIuoakiaadMha daWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeqySde 2aaSbaaSqaaiaaisdaaeqaaOGaamyEamaaDaaaleaacaWG0bGaeyOe I0IaaGymaaqaaiaadwfacaWGtbaaaOGaey4kaSIaeqySde2aaSbaaS qaaiaaiwdaaeqaaOGaam4CamaaBaaaleaacaWG0bGaeyOeI0IaaGym aaqabaaakeaacqGHRaWkcqaHXoqydaWgaaWcbaGaaGOnaaqabaGcda qadaqaaiabfs5aejaadMhadaWgaaWcbaGaamiDaiabgkHiTiaaigda aeqaaOGaey4kaSIaeuiLdqKaamyEamaaBaaaleaacaWG0bGaeyOeI0 IaaGOmaaqabaaakiaawIcacaGLPaaacqGHRaWkcqaHXoqydaWgaaWc baGaaG4naaqabaGccqGHRaWkdaaeWbqaaiabfs5aejaadMgacaWGWb Waa0baaSqaaiaadshacqGHsislcaWGPbaabaGaam4taiaadweacaWG dbGaamiraaaakiabgUcaRaWcbaGaamyAaiabg2da9iaaiodaaeaaca aI2aaaniabggHiLdGccqaH1oqzdaWgaaWcbaGaamiDaaqabaaaaaa@8A5D@