Skip to content
RDP 2003-11: How Should Monetary Policy Respond to Asset-Price Bubbles?
Equation (D3)
L
∗
=
∑
τ
=
s
+
k
+
1
∞
[
E
s
(
y
τ
2
)
+
μ
E
s
(
π
τ
2
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGmbWaaW baaSqabeaacqGHxiIkaaGccqGH9aqpdaaeWbqaamaadmaabaGaamyr amaaBaaaleaacaWGZbaabeaakmaabmaabaGaamyEamaaDaaaleaacq aHepaDaeaacaaIYaaaaaGccaGLOaGaayzkaaGaey4kaSIaeqiVd0Ma amyramaaBaaaleaacaWGZbaabeaakmaabmaabaGaeqiWda3aa0baaS qaaiabes8a0bqaaiaaikdaaaaakiaawIcacaGLPaaaaiaawUfacaGL DbaaaSqaaiabes8a0jabg2da9iaadohacqGHRaWkcaWGRbGaey4kaS IaaGymaaqaaiabg6HiLcqdcqGHris5aaaa@575C@