Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (22)
(
C
t
C
t
∗
)
σ
=
E
t
P
t
∗
P
t
=
E
t
P
H
t
∗
P
H
t
(
S
t
∗
)
−
ν
/
2
S
t
(
ν
/
2
)
−
1
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaeWaaeaada WcaaqaaiaadoeadaWgaaWcbaGaamiDaaqabaaakeaacaWGdbWaa0ba aSqaaiaadshaaeaacqGHxiIkaaaaaaGccaGLOaGaayzkaaWaaWbaaS qabeaacqaHdpWCaaGccqGH9aqpdaWcaaqaaiaadweadaWgaaWcbaGa amiDaaqabaGccaWGqbWaa0baaSqaaiaadshaaeaacqGHxiIkaaaake aacaWGqbWaaSbaaSqaaiaadshaaeqaaaaakiabg2da9maalaaabaGa amyramaaBaaaleaacaWG0baabeaakiaadcfadaqhaaWcbaGaamisai aadshaaeaacqGHxiIkaaaakeaacaWGqbWaaSbaaSqaaiaadIeacaWG 0baabeaaaaGccaGGOaGaam4uamaaDaaaleaacaWG0baabaGaey4fIO caaOGaaiykamaaCaaaleqabaaccaGae8NeI0IaeqyVd4Maai4laiaa ikdaaaacbiGccaGFtbWaa0baaSqaaiaadshaaeaacaGGOaGaeqyVd4 Maai4laiaaikdacaGGPaGae8NeI0IaaGymaaaakiaac6caaaa@618E@