RDP 2014-04: Home Price Beliefs in Australia
Equation (8)
Y
p
t
=
α
+
(
λ
^
p
t
V
−
λ
^
p
t
S
)
︸
U
p
t
a
d
j
β
1
+
λ
^
p
t
S
β
2
+
X
′
p
t
γ
+
δ
t
+
ε
p
t
.
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