RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (9)

p t = p ∗ +δ( r t−1 − r t−1 ∗ ). MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiCamaaBa aaleaacaWG0baabeaakiabg2da9iaadchadaahaaWcbeqaaiabgEHi QaaakiabgUcaRiabes7aKnaabmaabaGaamOCamaaBaaaleaacaWG0b GaeyOeI0IaaGymaaqabaGccqGHsislcaWGYbWaa0baaSqaaiaadsha cqGHsislcaaIXaaabaGaey4fIOcaaaGccaGLOaGaayzkaaGaaiOlaa aa@4976@