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The phrase "all else being equal" is a correct and usable term in written English.
You can use this phrase to indicate that all conditions that affect a given situation are the same. For example, "All else being equal, we would expect the stock market to recover this quarter."
Exact(58)
"They wanted fair allocation, regardless of the disease, all else being equal.
All else being equal, experienced workers are more productive.
All else being equal, the decision becomes more complicated.
All else being equal, blade wear determined a 50% reduction of productivity.
Big groups — all else being equal — tend to move more slowly than small groups.
All Else Being Equal: A Modal Logic for Ceteris Paribus Preferences, Journal of Philosophical Logic.
Indeed, all else being equal, such changes are preferable to raising marginal rates.
For entrepreneurs, all else being equal, a simpler name outperforms a complex name.
All else being equal, this suggests that annual sales of 14 million should be within reach.
All else being equal, Mr. Romney might be slightly favored there.
All else being equal, most travellers prefer to talk to a desk agent.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com