RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles? Equation (C22)

R s ac = ( P T ( k=1 N s p s ( k ) Ω s ( k ) )P ) 1 P T ( k=1 N s p s ( k ) Ω s ( k ) G s ( k ) ). MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGsbWaa0 baaSqaaiaadohaaeaacaWGHbGaam4yaaaakiabg2da9iabgkHiTmaa bmaabaGaamiuamaaCaaaleqabaGaamivaaaakmaabmaabaWaaabCae aacaWGWbWaa0baaSqaaiaadohaaeaadaqadaqaaiaadUgaaiaawIca caGLPaaaaaGccqqHPoWvdaqhaaWcbaGaam4CaaqaamaabmaabaGaam 4AaaGaayjkaiaawMcaaaaaaeaacaWGRbGaeyypa0JaaGymaaqaaiaa d6eadaWgaaadbaGaam4CaaqabaaaniabggHiLdaakiaawIcacaGLPa aacaWGqbaacaGLOaGaayzkaaWaaWbaaSqabeaacqGHsislcaaIXaaa aOGaamiuamaaCaaaleqabaGaamivaaaakmaabmaabaWaaabCaeaaca WGWbWaa0baaSqaaiaadohaaeaadaqadaqaaiaadUgaaiaawIcacaGL PaaaaaGccqqHPoWvdaqhaaWcbaGaam4CaaqaamaabmaabaGaam4Aaa GaayjkaiaawMcaaaaaaeaacaWGRbGaeyypa0JaaGymaaqaaiaad6ea daWgaaadbaGaam4CaaqabaaaniabggHiLdGccaWGhbWaa0baaSqaai aadohaaeaadaqadaqaaiaadUgaaiaawIcacaGLPaaaaaaakiaawIca caGLPaaacaGGUaaaaa@6D2F@