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

{\bar{L}}_{1} = {(\frac{(1 - α_{1}) \bar{m} c \bar{Ω} {\bar{y}}_{1} \frac{{\bar{p}}_{1}}{\bar{p}}}{{(1 + \frac{(1 - α_{2}) {\bar{p}}_{2}^{*} \frac{{\bar{y}}_{2}}{{\bar{y}}_{1}}}{(1 - α_{1}) \bar{m} c \frac{{\bar{p}}_{1}}{\bar{p}}})}^{\frac{ψ - ξ}{1 + ξ}}})}^{\frac{1}{1 + ψ}} .