RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (C15)
(
Ω
s
(
k
)
)
i
j
=
{
1
,
1
≤
i
=
j
<
k
1
+
ζ
α
2
,
i
=
k
,
j
=
k
ζ
α
,
i
=
k
,
j
=
k
+
N
s
μ
,
1
+
N
s
≤
i
=
j
<
k
+
N
s
ζ
α
,
i
=
k
+
N
s
,
j
=
k
μ
+
ζ
,
i
=
k
+
N
s
,
j
=
k
+
N
s
0
,
otherwise
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaadaqadaqaai abfM6axnaaDaaaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGa ayzkaaaaaaGccaGLOaGaayzkaaWaaSbaaSqaaiaadMgacaWGQbaabe aakiabg2da9maaceaabaqbaeaabCWaaaaabaGaaGymaaqaaiaacYca aeaacaaIXaGaeyizImQaamyAaiabg2da9iaadQgaruWu5XMzHvMBaG qbaiaa=XdacaWGRbaabaGaaGymaiabgUcaRiabeA7a6jabeg7aHnaa CaaaleqabaGaaGOmaaaaaOqaaiaacYcaaeaacaWGPbGaeyypa0Jaam 4AaiaacYcacaaMc8UaamOAaiabg2da9iaadUgaaeaacqaH2oGEcqaH XoqyaeaacaGGSaaabaGaamyAaiabg2da9iaadUgacaGGSaGaaGPaVl aadQgacqGH9aqpcaWGRbGaey4kaSIaamOtamaaBaaaleaacaWGZbaa beaaaOqaaiabeY7aTbqaaiaacYcaaeaacaaIXaGaey4kaSIaamOtam aaBaaaleaacaWGZbaabeaakiabgsMiJkaadMgacqGH9aqpcaWGQbGa a8hpaiaadUgacqGHRaWkcaWGobWaaSbaaSqaaiaadohaaeqaaaGcba GaeqOTdONaeqySdegabaGaaiilaaqaaiaadMgacqGH9aqpcaWGRbGa ey4kaSIaamOtamaaBaaaleaacaWGZbaabeaakiaacYcacaaMc8Uaam OAaiabg2da9iaadUgaaeaacqaH8oqBcqGHRaWkcqaH2oGEaeaacaGG SaaabaGaamyAaiabg2da9iaadUgacqGHRaWkcaWGobWaaSbaaSqaai aadohaaeqaaOGaaiilaiaaykW7caWGQbGaeyypa0Jaam4AaiabgUca Riaad6eadaWgaaWcbaGaam4CaaqabaaakeaacaaIWaaabaGaaiilaa qaaiaab+gacaqG0bGaaeiAaiaabwgacaqGYbGaae4DaiaabMgacaqG ZbGaaeyzaiaab6caaaaacaGL7baaaaa@A54C@