RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (C21)
L
=
R
s
a
c
T
P
T
(
∑
k
=
1
N
s
p
s
(
k
)
Ω
s
(
k
)
)
P
R
s
a
c
+
2
R
s
a
c
T
P
T
(
∑
k
=
1
N
s
p
s
(
k
)
Ω
s
(
k
)
G
s
(
k
)
)
+
∑
k
=
1
N
s
p
s
(
k
)
G
s
(
k
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T
Ω
s
(
k
)
G
s
(
k
)
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