RDP 9706: Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
Equation (7)
π
t
e
=
δ
π
t
e
(
L
T
E
)
+
θ
1
π
t
−
1
+
θ
2
π
t
−
2
+
θ
3
π
t
−
3
+
θ
4
π
t
−
4
.
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