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RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
Equation (10)
i
t
l
v
l
=
r
t
l
v
l
+
π
t
l
v
l
=
i
∗
+
r
t
+
π
t
.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaDaaaleaacaWG0baabaGaamiBaiaadAhacaWGSbaaaOGaeyypa0JaamOCamaaDaaaleaacaWG0baabaGaamiBaiaadAhacaWGSbaaaOGaey4kaSIaeqiWda3aa0baaSqaaiaadshaaeaacaWGSbGaamODaiaadYgaaaGccqGH9aqpcaWGPbWaaWbaaSqabeaacqGHxiIkaaGccqGHRaWkcaWGYbWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqiWda3aaSbaaSqaaiaadshaaeqaaOGaaiOlaaaa@5250@