RDP 2016-04: Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States Equation

( P H P ) mst =βINELASTI C ms DERE G st +γCONTROL S mst + λ st + ε mst MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@670D@