RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (6)
L
=
∑
τ
=
t
+
1
∞
[
E
t
p
(
y
τ
2
)
+
μ
E
t
p
(
π
τ
2
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamitaiabg2 da9maaqahabaWaamWaaeaacaWGfbWaa0baaSqaaiaadshaaeaacaWG WbaaaOWaaeWaaeaacaWG5bWaa0baaSqaaiabes8a0bqaaiaaikdaaa aakiaawIcacaGLPaaacqGHRaWkcqaH8oqBcaWGfbWaa0baaSqaaiaa dshaaeaacaWGWbaaaOWaaeWaaeaacqaHapaCdaqhaaWcbaGaeqiXdq habaGaaGOmaaaaaOGaayjkaiaawMcaaaGaay5waiaaw2faaaWcbaGa eqiXdqNaeyypa0JaamiDaiabgUcaRiaaigdaaeaacqGHEisPa0Gaey yeIuoaaaa@5686@