RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (D9)

W s ( k ) β 1 p s ( k ) ( P T Ω s P ) 1 P T Ω s ( k ) P e k . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGxbWaa0 baaSqaaiaadohaaeaadaqadaqaaiaadUgaaiaawIcacaGLPaaaaaGc cqGHHjIUcqaHYoGydaahaaWcbeqaaiabgkHiTiaaigdaaaGccaWGWb Waa0baaSqaaiaadohaaeaadaqadaqaaiaadUgaaiaawIcacaGLPaaa aaGcdaqadaqaaiaadcfadaahaaWcbeqaaiaadsfaaaGccqqHPoWvda WgaaWcbaGaam4CaaqabaGccaWGqbaacaGLOaGaayzkaaWaaWbaaSqa beaacqGHsislcaaIXaaaaOGaamiuamaaCaaaleqabaGaamivaaaaki abfM6axnaaDaaaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGa ayzkaaaaaOGaamiuaiaadwgadaWgaaWcbaGaam4AaaqabaGccaGGUa aaaa@57BD@