RDP 2005-11: A Small Model of the Australian Macroeconomy: An Update
Equation (6)
Δ
p
t
c
,
h
=
β
1
+
β
2
(
p
t
−
1
c
,
h
−
β
3
D
t
−
1
p
G
S
T
−
λ
m
p
t
−
1
m
,
t
r
f
−
λ
o
p
t
−
1
o
i
l
−
λ
u
u
l
c
t
−
1
∗
,
b
s
)
+
β
3
Δ
D
t
p
G
S
T
+
β
4
g
a
p
t
+
β
5
Δ
u
l
c
t
∗
,
b
s
+
β
6
s
o
i
t
−
2
+
β
7
(
Δ
p
t
o
i
l
+
Δ
p
t
−
1
o
i
l
+
Δ
p
t
−
2
o
i
l
)
+
ξ
t
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