RDP 2013-07: An Empirical BVAR-DSGE Model of the Australian Economy Equation

{({\bar{L}}_{1}^{1 + ξ} + {\bar{L}}_{2}^{1 + ξ})}^{\frac{ψ - ξ}{1 + ξ}} {\bar{L}}_{1}^{1 + ξ} \frac{1}{\bar{Ω} {\bar{y}}_{1}} = \frac{{\bar{w}}_{1} {\bar{L}}_{1}}{{\bar{y}}_{1}} .