Skip to content
RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (2)
π
t
=
π
t
−
1
+
α
y
t
−
1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadshaaeqaaOGaeyypa0JaeqiWda3aaSbaaSqaaiaadsha cqGHsislcaaIXaaabeaakiabgUcaRiabeg7aHjaadMhadaWgaaWcba GaamiDaiabgkHiTiaaigdaaeqaaaaa@44C8@