RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? Equation (4)

P t β ρ z E t P t+1 + U t Z t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaBa aaleaacaWG0baabeaakiabggMi6kabek7aIjabeg8aYnaaBaaaleaa caWG6baabeaakiaadweadaWgaaWcbaGaamiDaaqabaGccaWGqbWaaS baaSqaaiaadshacqGHRaWkcaaIXaaabeaakiabgUcaRmaalaaabaGa amyvamaaBaaaleaacaWG0baabeaaaOqaaiaadQfadaWgaaWcbaGaam iDaaqabaaaaaaa@48F2@