Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (10)
C
H
t
(
f
)
=
(
P
H
t
(
f
)
P
H
t
)
−
ξ
C
H
t
a
n
d
C
F
t
(
f
)
=
(
P
F
t
(
f
)
P
F
t
)
−
ξ
C
F
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qamaaBa aaleaacaWGibGaamiDaaqabaGccaGGOaGaamOzaiaacMcacqGH9aqp daqadaqaamaalaaabaGaamiuamaaBaaaleaacaWGibGaamiDaaqaba GccaGGOaGaamOzaiaacMcaaeaacaWGqbWaaSbaaSqaaiaadIeacaWG 0baabeaaaaaakiaawIcacaGLPaaadaahaaWcbeqaaGGaaiab=jHiTi abe67a4baakiaadoeadaWgaaWcbaGaamisaiaadshaaeqaaOGaaGPa VJqaaiaa+fgacaGFUbGaa4hzaiaaykW7caWGdbWaaSbaaSqaaiaadA eacaWG0baabeaakiaacIcacaWGMbGaaiykaiabg2da9maabmaabaWa aSaaaeaacaWGqbWaaSbaaSqaaiaadAeacaWG0baabeaakiaacIcaca WGMbGaaiykaaqaaiaadcfadaWgaaWcbaGaamOraiaadshaaeqaaaaa aOGaayjkaiaawMcaamaaCaaaleqabaGae8NeI0IaeqOVdGhaaOGaam 4qamaaBaaaleaacaWGgbGaamiDaaqabaGccaGGSaaaaa@66DC@