RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (C15)

( Ω s ( k ) ) ij ={ 1 , 1≤i=j<k 1+ζ α 2 , i=k, j=k ζα , i=k, j=k+ N s μ , 1+ N s ≤i=j<k+ N s ζα , i=k+ N s , j=k μ+ζ , i=k+ N s , j=k+ N s 0 , otherwise. MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaadaqadaqaai abfM6axnaaDaaaleaacaWGZbaabaWaaeWaaeaacaWGRbaacaGLOaGa ayzkaaaaaaGccaGLOaGaayzkaaWaaSbaaSqaaiaadMgacaWGQbaabe aakiabg2da9maaceaabaqbaeaabCWaaaaabaGaaGymaaqaaiaacYca aeaacaaIXaGaeyizImQaamyAaiabg2da9iaadQgaruWu5XMzHvMBaG qbaiaa=XdacaWGRbaabaGaaGymaiabgUcaRiabeA7a6jabeg7aHnaa CaaaleqabaGaaGOmaaaaaOqaaiaacYcaaeaacaWGPbGaeyypa0Jaam 4AaiaacYcacaaMc8UaamOAaiabg2da9iaadUgaaeaacqaH2oGEcqaH XoqyaeaacaGGSaaabaGaamyAaiabg2da9iaadUgacaGGSaGaaGPaVl aadQgacqGH9aqpcaWGRbGaey4kaSIaamOtamaaBaaaleaacaWGZbaa beaaaOqaaiabeY7aTbqaaiaacYcaaeaacaaIXaGaey4kaSIaamOtam aaBaaaleaacaWGZbaabeaakiabgsMiJkaadMgacqGH9aqpcaWGQbGa a8hpaiaadUgacqGHRaWkcaWGobWaaSbaaSqaaiaadohaaeqaaaGcba GaeqOTdONaeqySdegabaGaaiilaaqaaiaadMgacqGH9aqpcaWGRbGa ey4kaSIaamOtamaaBaaaleaacaWGZbaabeaakiaacYcacaaMc8Uaam OAaiabg2da9iaadUgaaeaacqaH8oqBcqGHRaWkcqaH2oGEaeaacaGG SaaabaGaamyAaiabg2da9iaadUgacqGHRaWkcaWGobWaaSbaaSqaai aadohaaeqaaOGaaiilaiaaykW7caWGQbGaeyypa0Jaam4AaiabgUca Riaad6eadaWgaaWcbaGaam4CaaqabaaakeaacaaIWaaabaGaaiilaa qaaiaab+gacaqG0bGaaeiAaiaabwgacaqGYbGaae4DaiaabMgacaqG ZbGaaeyzaiaab6caaaaacaGL7baaaaa@A54C@