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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
Research Discussion Paper – RDP 2019-07 MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy. Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
Core Equations
23 Aug 2019
RDP
2019-07
The WPI captures pure wage effects, abstracting from compositional changes in employment and labour quality. ... However, real WPI will grow more slowly than aggregate labour productivity, because the WPI is partly quality adjusted.
https://www.rba.gov.au/publications/rdp/2019/2019-07/core-equations.html