RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?
Equation (A10)
∂
L
∂
C
t
=
1
C
t
(
C
t
Z
t
γ
)
(
1
−
σ
)
−
γ
(
1
−
σ
)
(
1
−
ρ
z
)
P
t
−
Λ
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