RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (C12)
Z
s
(
k
)
=
P
R
s
(
k
)
+
G
s
(
k
)
where
G
s
(
k
)
=
j
s
+
K
X
s
(
k
)
.
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