RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (C6)

X s−j = B j X s + F N s −j X s− N s  ,  R s−j = B j R s + F N s −j R s− N s . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiiwamaaBa aaleaacaWGZbGaeyOeI0IaamOAaaqabaGccqGH9aqpcaWGcbWaaWba aSqabeaacaWGQbaaaOGaamiwamaaBaaaleaacaWGZbaabeaakiabgU caRiaadAeadaahaaWcbeqaaiaad6eadaWgaaadbaGaam4CaaqabaWc cqGHsislcaWGQbaaaOGaamiwamaaBaaaleaacaWGZbGaeyOeI0Iaam OtamaaBaaameaacaWGZbaabeaaaSqabaGccaaMc8UaaiilaiaaykW7 caWGsbWaaSbaaSqaaiaadohacqGHsislcaWGQbaabeaakiabg2da9i aadkeadaahaaWcbeqaaiaadQgaaaGccaWGsbWaaSbaaSqaaiaadoha aeqaaOGaey4kaSIaamOramaaCaaaleqabaGaamOtamaaBaaameaaca WGZbaabeaaliabgkHiTiaadQgaaaGccaWGsbWaaSbaaSqaaiaadoha cqGHsislcaWGobWaaSbaaWqaaiaadohaaeqaaaWcbeaakiaac6caaa a@61A1@