RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (7)

r t =1.1 y t +0.8 π t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaBa aaleaacaWG0baabeaakiabg2da9iaaigdacaGGUaGaaGymaiaadMha daWgaaWcbaGaamiDaaqabaGccqGHRaWkcaaIWaGaaiOlaiaaiIdacq aHapaCdaWgaaWcbaGaamiDaaqabaaaaa@4369@