RDP 2003-07: Housing Wealth, Stock Market Wealth and Consumption: A Panel Analysis for Australia Equation (2)

s.t. A t+1 =( 1+ r t )( A t + Y t C t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGaaa qaaiaabohacaGGUaGaaeiDaiaac6caaeaacaWGbbWaaSbaaSqaaiaa dshacqGHRaWkcaaIXaaabeaakiabg2da9maabmaabaGaaGymaiabgU caRiaadkhadaWgaaWcbaGaamiDaaqabaaakiaawIcacaGLPaaadaqa daqaaiaadgeadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcaWGzbWaaS baaSqaaiaadshaaeqaaOGaeyOeI0Iaam4qamaaBaaaleaacaWG0baa beaaaOGaayjkaiaawMcaaaaaaaa@4C88@