RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (26)

y t = ν ( 2 ν ) 2 s t + ν 2 c t + 2 ν 2 c t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyEamaaBa aaleaacaWG0baabeaakiabg2da9maalaaabaGaeqyVd4Maaiikaiaa ikdaiiaacqWFsislcqaH9oGBcaGGPaaabaGaaGOmaaaacaWGZbWaaS baaSqaaiaadshaaeqaaOGaey4kaSYaaSaaaeaacqaH9oGBaeaacaaI YaaaaiaadogadaWgaaWcbaGaamiDaaqabaGccqGHRaWkdaWcaaqaai aaikdacqWFsislcqaH9oGBaeaacaaIYaaaaiaadogadaqhaaWcbaGa amiDaaqaaiabgEHiQaaakiaacYcaaaa@50CD@