RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (D3)

L = τ=s+k+1 [ E s ( y τ 2 )+μ E s ( π τ 2 ) ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGmbWaaW baaSqabeaacqGHxiIkaaGccqGH9aqpdaaeWbqaamaadmaabaGaamyr amaaBaaaleaacaWGZbaabeaakmaabmaabaGaamyEamaaDaaaleaacq aHepaDaeaacaaIYaaaaaGccaGLOaGaayzkaaGaey4kaSIaeqiVd0Ma amyramaaBaaaleaacaWGZbaabeaakmaabmaabaGaeqiWda3aa0baaS qaaiabes8a0bqaaiaaikdaaaaakiaawIcacaGLPaaaaiaawUfacaGL DbaaaSqaaiabes8a0jabg2da9iaadohacqGHRaWkcaWGRbGaey4kaS IaaGymaaqaaiabg6HiLcqdcqGHris5aaaa@575C@