RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (D2)

r s+j = β 1 ( λ+αq ) y s+j + β 1 q π s+j MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGYbWaaS baaSqaaiaadohacqGHRaWkcaWGQbaabeaakiabg2da9iabek7aInaa CaaaleqabaGaeyOeI0IaaGymaaaakmaabmaabaGaeq4UdWMaey4kaS IaeqySdeMaamyCaaGaayjkaiaawMcaaiaadMhadaWgaaWcbaGaam4C aiabgUcaRiaadQgaaeqaaOGaey4kaSIaeqOSdi2aaWbaaSqabeaacq GHsislcaaIXaaaaOGaamyCaiabec8aWnaaBaaaleaacaWGZbGaey4k aSIaamOAaaqabaaaaa@52FA@