Skip to content
RDP 2016-04: Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States
Equation (2)
(
P
R
Y
R
P
Y
)
=
(
P
R
P
H
)
∗
(
P
H
P
)
∗
(
Y
R
Y
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaeWaaeaadaWcaaqaaiaadcfadaahaaWcbeqaaiaadkfaaaGccaWGzbWaaWbaaSqabeaacaWGsbaaaaGcbaGaamiuaiaadMfaaaaacaGLOaGaayzkaaGaeyypa0ZaaeWaaeaadaWcaaqaaiaadcfadaahaaWcbeqaaiaadkfaaaaakeaacaWGqbWaaWbaaSqabeaacaWGibaaaaaaaOGaayjkaiaawMcaaiabgEHiQmaabmaabaWaaSaaaeaacaWGqbWaaWbaaSqabeaacaWGibaaaaGcbaGaamiuaaaaaiaawIcacaGLPaaacqGHxiIkdaqadaqaamaalaaabaGaamywamaaCaaaleqabaGaamOuaaaaaOqaaiaadMfaaaaacaGLOaGaayzkaaaaaa@4DF2@