RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (C11)

X s ( k ) ( j )={ γ s+j , 1j<k Σ i=1 s+k1 γ i , j=k 0 , k<j N s . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiwamaaDa aaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGaayzkaaaaaOWa aeWaaeaacaWGQbaacaGLOaGaayzkaaGaeyypa0Zaaiqaaeaafaqaac WadaaabaGaeq4SdC2aaSbaaSqaaiaadohacqGHRaWkcaWGQbaabeaa aOqaaiaacYcaaeaacaaIXaGaeyizImQaamOAaiabgYda8iaadUgaae aacqGHsisldaqfWaqabSqaaiaadMgacqGH9aqpcaaIXaaabaGaam4C aiabgUcaRiaadUgacqGHsislcaaIXaaaneaacqqHJoWuaaGccaaMc8 Uaeq4SdC2aaSbaaSqaaiaadMgaaeqaaaGcbaGaaiilaaqaaiaadQga cqGH9aqpcaWGRbaabaGaaGimaaqaaiaacYcaaeaacaWGRbGaeyipaW JaamOAaiabgsMiJkaad6eadaWgaaWcbaGaam4CaaqabaGccaGGUaaa aaGaay5Eaaaaaa@64F2@