RDP 2005-04: Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
Equation (B6)
r
t
l
v
l
=
r
∗
+
β
−
1
(
λ
+
α
q
)
y
t
+
β
−
1
q
π
t
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOCamaaDaaaleaacaWG0baabaGaamiBaiaadAhacaWGSbaaaOGaeyypa0JaamOCamaaCaaaleqabaGaey4fIOcaaOGaey4kaSIaeqOSdi2aaWbaaSqabeaacqGHsislcaaIXaaaaOWaaeWaaeaacqaH7oaBcqGHRaWkcqaHXoqycaWGXbaacaGLOaGaayzkaaGaamyEamaaBaaaleaacaWG0baabeaakiabgUcaRiabek7aInaaCaaaleqabaGaeyOeI0IaaGymaaaakiaadghacqaHapaCdaWgaaWcbaGaamiDaaqabaaaaa@5398@