RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
Equation (11)
L
=
∑
τ
=
t
+
1
∞
[
E
t
(
y
τ
2
)
+
μ
E
t
(
π
τ
2
)
]
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamitaiabg2da9maaqahabaWaamWaaeaacaWGfbWaaSbaaSqaaiaadshaaeqaaOWaaeWaaeaacaWG5bWaa0baaSqaaiabes8a0bqaaiaaikdaaaaakiaawIcacaGLPaaacqGHRaWkcqaH8oqBcaWGfbWaaSbaaSqaaiaadshaaeqaaOWaaeWaaeaacqaHapaCdaqhaaWcbaGaeqiXdqhabaGaaGOmaaaaaOGaayjkaiaawMcaaaGaay5waiaaw2faaaWcbaGaeqiXdqNaeyypa0JaamiDaiabgUcaRiaaigdaaeaacqGHEisPa0GaeyyeIuoaaaa@5498@