RDP 9812: An Optimising Model for Monetary Policy Analysis: Can Habit Formation Help?
Equation (B1)
f
(
C
,
Z
)
≅
f
(
C
0
,
Z
0
)
+
f
c
(
C
0
,
Z
0
)
(
C
−
C
0
)
+
f
z
(
C
0
,
Z
0
)
(
Z
−
Z
0
)
+
Higher
order
terms
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