RDP 2005-11: A Small Model of the Australian Macroeconomy: An Update
Equation (3)
Δ
p
t
m
=
φ
1
+
φ
2
(
p
t
−
1
m
−
p
t
−
1
x
,
f
+
e
t
−
1
+
φ
3
t
r
e
n
d
t
−
1
p
m
)
+
φ
4
Δ
p
t
x
,
f
+
∑
i
=
0
1
φ
5
i
Δ
e
t
−
i
+
ν
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaabbeaacWaJaA iLdqKaamiCamaaDaaaleaacaWG0baabaGaamyBaaaakiabg2da9iad mciHgpGAdGaJaUbaaSqaiWiGcGaJaIymaaqajWiGaOGaey4kaSIaeq OXdO2aaSbaaSqaaiaaikdaaeqaaOWaaeWaaeaacaWGWbWaa0baaSqa aiaadshaiiaacqWFsislcqWFXaqmaeaacaWGTbaaaOGae8NeI0Iaam iCamaaDaaaleaacaWG0bGae8NeI0IaaGymaaqaaiaadIhacaGGSaGa amOzaaaakiabgUcaRiaadwgadaWgaaWcbaGaamiDaiab=jHiTiaaig daaeqaaOGaey4kaSIaeqOXdO2aaSbaaSqaaiaaiodaaeqaaOGaamiD aiaadkhacaWGLbGaamOBaiaadsgadaqhaaWcbaGaamiDaiab=jHiTi aaigdaaeaacaWGWbGaamyBaaaaaOGaayjkaiaawMcaaiabgUcaRaqa aiabeA8aQnaaBaaaleaacaaI0aaabeaakiabgs5aejaadchadaqhaa WcbaGaamiDaaqaaiaadIhacaGGSaGaamOzaaaakiabgUcaRmaaqada baGaeqOXdO2aa0baaSqaaiaaiwdaaeaacaWGPbaaaaqaaiaadMgacq GH9aqpcaaIWaaabaGaaGymaaqdcqGHris5aOGaeyiLdqKaamyzamaa BaaaleaacaWG0bGae8NeI0IaamyAaaqabaGccqGHRaWkcqaH9oGBda WgaaWcbaGaamiDaaqabaaaaaa@843F@