RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (C20)
L
s
(
k
)
=
R
s
a
c
T
P
T
Ω
s
(
k
)
P
R
s
a
c
+
2
R
s
a
c
T
P
T
Ω
s
(
k
)
G
s
(
k
)
+
G
s
(
k
)
T
Ω
s
(
k
)
G
s
(
k
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGmbWaa0 baaSqaaiaadohaaeaadaqadaqaaiaadUgaaiaawIcacaGLPaaaaaGc cqGH9aqpcaWGsbWaa0baaSqaaiaadohaaeaacaWGHbGaam4yaiaads faaaGccaWGqbWaaWbaaSqabeaacaWGubaaaOGaeuyQdC1aa0baaSqa aiaadohaaeaadaqadaqaaiaadUgaaiaawIcacaGLPaaaaaGccaWGqb GaamOuamaaDaaaleaacaWGZbaabaGaamyyaiaadogaaaGccqGHRaWk caaIYaGaamOuamaaDaaaleaacaWGZbaabaGaamyyaiaadogacaWGub aaaOGaamiuamaaCaaaleqabaGaamivaaaakiabfM6axnaaDaaaleaa caWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGaayzkaaaaaOGaam4ram aaDaaaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGaayzkaaaa aOGaey4kaSIaam4ramaaDaaaleaacaWGZbaabaWaaeWaaeaacaWGRb aacaGLOaGaayzkaaWaaWbaaWqabeaacaWGubaaaaaakiabfM6axnaa DaaaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGaayzkaaaaaO Gaam4ramaaDaaaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGa ayzkaaaaaaaa@6D8A@