RDP 2012-02: The Role of Credit Supply in the Australian Economy
Equation (2)
Y
t
=
Γ
0
−
1
Γ
(
L
)
Y
t
−
1
+
Γ
0
−
1
∑
1
2
e
t
=
A
(
L
)
Y
t
−
1
+
u
t
Ω
≡
E
(
u
t
u
t
′
)
=
Γ
0
−
1
∑
Γ
0
−
1
′
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