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RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (C26)
r
s
a
c
−
r
s
s
c
=
β
−
1
{
(
1
−
p
s
+
1
)
γ
s
+
1
−
p
s
+
1
a
s
}
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