RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (28)

σ c t σ c t = Δ t + ( ν 1 ) s t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeq4WdmNaam 4yamaaBaaaleaacaWG0baabeaaiiaakiab=jHiTiabeo8aZjaadoga daqhaaWcbaGaamiDaaqaaiabgEHiQaaakiabg2da9GGaciab+r5aen aaBaaaleaacaWG0baabeaakiabgUcaRiaacIcacqaH9oGBcqWFsisl cqWFXaqmcqWFPaqkcaWGZbWaaSbaaSqaaiaadshaaeqaaOGaaiOlaa aa@4BED@