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RDP 2004-08: Housing Construction Cycles and Interest Rates
Equation (1)
User
cost
=
(
i
+
δ
−
π
−
H
˙
e
)
×
H
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeyvaiaabo hacaqGLbGaaeOCaiaaykW7ciGGJbGaai4BaiaacohacaGG0bGaeyyp a0ZaaeWaaeaacaWGPbGaey4kaSIaeqiTdqMaeyOeI0IaeqiWdaNaey OeI0IabmisayaacaWaaWbaaSqabeaacaWGLbaaaaGccaGLOaGaayzk aaGaey41aqRaamisaaaa@4D6D@