RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help? Equation (A1)

U t = 1 ( 1σ ) ( C t Z t γ ) ( 1σ ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyvamaaBa aaleaacaWG0baabeaakiabg2da9maalaaabaGaaGymaaqaamaabmaa baGaaGymaiabgkHiTiabeo8aZbGaayjkaiaawMcaaaaadaqadaqaam aalaaabaGaam4qamaaBaaaleaacaWG0baabeaaaOqaaiaadQfadaqh aaWcbaGaamiDaaqaaiabeo7aNbaaaaaakiaawIcacaGLPaaadaahaa WcbeqaamaabmaabaGaaGymaiabgkHiTiabeo8aZbGaayjkaiaawMca aaaaaaa@4B2B@