RDP 9309: Alternative Concepts of the Real Exchange Rate: A Reconciliation
Equation (5)
R
p
=
[
P
n
P
t
]
α
P
t
E
[
P
n
∗
P
t
∗
]
β
P
t
∗
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOuamaaBa aaleaacaWGWbaabeaakiabg2da9maalaaabaWaamWaaeaadaWcaaqa aiaadcfadaWgaaWcbaGaamOBaaqabaaakeaacaWGqbWaaSbaaSqaai aadshaaeqaaaaaaOGaay5waiaaw2faamaaCaaaleqabaGaeqySdega aOGaaGPaVlaadcfadaWgaaWcbaGaamiDaaqabaGccaWGfbaabaWaam WaaeaadaWcaaqaaiaadcfadaqhaaWcbaGaamOBaaqaaiabgEHiQaaa aOqaaiaadcfadaqhaaWcbaGaamiDaaqaaiabgEHiQaaaaaaakiaawU facaGLDbaadaahaaWcbeqaaiabek7aIbaakiaaykW7caWGqbWaa0ba aSqaaiaadshaaeaacqGHxiIkaaaaaaaa@5372@