RDP 8401: The Equations of the RBA82 Model of the Australian Economy
Equation
D
ℓ
=
α
11
(
ℓ
^
−
ℓ
)
+
β
33
log
(
y
/
y
¯
)
ℓ
^
=
β
34
(
mp
ℓ
−
β
¯
35
w
r
)
mp
ℓ
=
(
1.0
−
β
¯
10
)
y
^
nf
/
L
w
r
=
W
(
1.0
+
t
4
)
/
P
y
¯
=
y
0
e
λ
3
t
L
(
1.0
−
β
¯
10
)
K
β
¯
10
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