RDP 2013-04: Home Prices and Household Spending
Equation
ln
(
H
P
i
t
)
=
α
0
+
f
(
a
g
e
i
t
)
+
A
′
S
D
i
t
+
B
′
Q
f
a
(
20
)
i
t
+
C
′
Q
h
h
d
y
(
20
)
i
t
+
β
1
Δ
i
r
t
+
β
2
u
r
t
+
H
P
i
t
E
,
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaciiBaiaac6gadaqadaqaaiaadIeacaWGqbWaaSbaaSqaaiaadMgacaWG0baabeaaaOGaayjkaiaawMcaaiabg2da9iabeg7aHnaaBaaaleaacaaIWaaabeaakiabgUcaRiaadAgadaqadaqaaiaadggacaWGNbGaamyzamaaBaaaleaacaWGPbGaamiDaaqabaaakiaawIcacaGLPaaacqGHRaWkcaWGbbaccaGae8NmGiQaam4uaiaadseadaWgaaWcbaGaamyAaiaadshaaeqaaOGaey4kaSIaamOqaiab=jdiIkaadgfadaWgaaWcbaGaamOzaiaadggadaqadaqaaiaaikdacaaIWaaacaGLOaGaayzkaaGaamyAaiaadshaaeqaaOGaey4kaSIaam4qaiab=jdiIkaadgfadaWgaaWcbaGaamiAaiaadIgacaWGKbGaamyEamaabmaabaGaaGOmaiaaicdaaiaawIcacaGLPaaacaWGPbGaamiDaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaGymaaqabaGccaqGuoGaamyAaiaadkhadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaHYoGydaWgaaWcbaGaaGOmaaqabaGccaWG1bGaamOCamaaBaaaleaacaWG0baabeaakiabgUcaRiaadIeacaWGqbWaa0baaSqaaiaadMgacaWG0baabaGaamyraaaakiaacYcaaaa@7BDB@