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RDP 9709: Asset-Price Bubbles and Monetary Policy
Equation (2)
p
t
+
1
=
ϕ
+
φ
R
t
φ
≥
0
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeqabeGaaa qaaiaadchadaWgaaWcbaGaamiDaiabgUcaRiaaigdaaeqaaOGaeyyp a0Jaeqy1dyMaey4kaSIaeqOXdOMaamOuamaaBaaaleaacaWG0baabe aaaOqaaiabeA8aQjabgwMiZkaaicdaaaaaaa@4574@