RDP 2014-04: Home Price Beliefs in Australia Equation (1)

l n ( S i p t ) = c = 1 C β c S y c i t + t = 1 T p = 1 P λ p t S D i p t + ε i p t S MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8hBai aa=5gadaqadaqaaiaadofadaWgaaWcbaGaamyAaiaadchacaWG0baa beaaaOGaayjkaiaawMcaaiabg2da9maaqahabaGaeqOSdi2aa0baaS qaaiaadogaaeaacaWGtbaaaOGaamyEamaaBaaaleaacaWGJbGaamyA aiaadshaaeqaaOGaey4kaSYaaabCaeaadaaeWbqaaiabeU7aSnaaDa aaleaacaWGWbGaamiDaaqaaiaadofaaaGccaWGebWaaSbaaSqaaiaa dMgacaWGWbGaamiDaaqabaGccqGHRaWkcqaH1oqzdaqhaaWcbaGaam yAaiaadchacaWG0baabaGaam4uaaaaaeaacaWGWbGaeyypa0JaaGym aaqaaiaadcfaa0GaeyyeIuoaaSqaaiaadshacqGH9aqpcaaIXaaaba GaamivaaqdcqGHris5aaWcbaGaam4yaiabg2da9iaaigdaaeaacaWG dbaaniabggHiLdaaaa@6713@