RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (D10)

W s ( k ) ( 1 )={ β 1 p s ( 1 ) , k=1 0 , otherwise. MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGxbWaa0 baaSqaaiaadohaaeaadaqadaqaaiaadUgaaiaawIcacaGLPaaaaaGc daqadaqaaiaaigdaaiaawIcacaGLPaaacqGH9aqpdaGabaqaauaaba qacmaaaeaacqaHYoGydaahaaWcbeqaaiabgkHiTiaaigdaaaGccaWG WbWaa0baaSqaaiaadohaaeaadaqadaqaaiaaigdaaiaawIcacaGLPa aaaaaakeaacaGGSaaabaGaam4Aaiabg2da9iaaigdaaeaacaaIWaaa baGaaiilaaqaaiaab+gacaqG0bGaaeiAaiaabwgacaqGYbGaae4Dai aabMgacaqGZbGaaeyzaiaab6caaaaacaGL7baaaaa@5496@