RDP 2000-05: A Small Model of the Australian Macroeconomy
Equation (4)
Δ
4
u
t
=
ρ
1
+
ρ
3
Δ
4
p
t
−
1
+
ρ
4
π
t
e
+
ρ
6
Δ
4
u
t
−
1
+
ρ
7
Δ
u
t
−
4
+
ρ
8
Δ
u
t
−
5
+
ρ
9
(
y
t
−
4
−
y
t
−
4
p
)
+
η
t
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