RDP 2014-04: Home Price Beliefs in Australia
Equation (9)
l
n
(
S
)
i
p
t
−
l
n
(
S
)
i
p
h
=
∑
τ
=
1
T
∑
p
=
1
P
λ
˜
p
τ
s
G
i
p
τ
+
e
i
p
t
s
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8hBai aa=5gadaqadaqaaiaadofaaiaawIcacaGLPaaadaWgaaWcbaGaamyA aiaadchacaWG0baabeaakiabgkHiTiaa=XgacaWFUbWaaeWaaeaaca WGtbaacaGLOaGaayzkaaWaaSbaaSqaaiaadMgacaWGWbGaamiAaaqa baGccqGH9aqpdaaeWbqaamaaqahabaGafq4UdWMbaGaadaqhaaWcba GaamiCaiabes8a0bqaaiaadohaaaaabaGaamiCaiabg2da9iaaigda aeaacaWGqbaaniabggHiLdGccaWGhbWaaSbaaSqaaiaadMgacaWGWb GaeqiXdqhabeaakiabgUcaRiaadwgadaqhaaWcbaGaamyAaiaadcha caWG0baabaGaam4CaaaaaeaacqaHepaDaeaacaWGubaaniabggHiLd GccaGGSaaaaa@61FA@