RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (C5)

B≡( 0 0 ⋯ 0 0 1 0 ⋯ 0 0 0 1 ⋯ 0 0 ⋮ ⋮ 0 0 ⋯ 1 0 ) , F≡( 0 1 0 ⋯ 0 0 0 1 ⋯ 0 ⋮ ⋮ 0 0 0 ⋯ 1 0 0 0 ⋯ 0 ) . MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6E5E@