RDP 2003-07: Housing Wealth, Stock Market Wealth and Consumption: A Panel Analysis for Australia
Equation (3)
C
t
=
r
1
+
r
A
t
+
r
1
+
r
∑
k
=
0
T
=
∞
(
1
+
r
)
−
k
E
t
Y
t
+
k
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