RDP 2004-08: Housing Construction Cycles and Interest Rates
Equation (2)
R
h
+
H
˙
−
δ
=
(
1
−
τ
)
i
(
t
)
−
π
(
t
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOuamaaBa aaleaacaWGObaabeaakiabgUcaRiqadIeagaGaaiabgkHiTiabes7a Kjabg2da9maabmaabaGaaGymaiabgkHiTiabes8a0bGaayjkaiaawM caaiaadMgadaqadaqaaiaadshaaiaawIcacaGLPaaacqGHsislcqaH apaCdaqadaqaaiaadshaaiaawIcacaGLPaaaaaa@4AD2@