RDP 2014-04: Home Price Beliefs in Australia
Equation (5)
l
n
(
P
)
d
p
t
=
∑
c
=
1
C
β
c
S
y
c
d
t
+
∑
c
=
1
C
β
c
V
y
c
d
t
S
d
p
t
+
∑
t
=
1
T
∑
p
=
1
P
λ
p
t
D
d
p
t
+
∑
t
=
1
T
∑
p
=
1
P
κ
p
t
D
d
p
t
S
d
p
t
+
ε
d
p
t
,
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