RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (C13)
L
=
∑
τ
=
s
+
1
∞
[
E
s
(
y
τ
2
)
+
μ
E
s
(
π
τ
2
)
]
=
∑
k
=
1
N
s
p
s
(
k
)
L
s
(
k
)
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