RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (30)
c
t
∗
=
D
+
ν
−
1
2
D
y
t
∗
+
D
−
(
ν
−
1
)
2
D
y
t
+
ν
(
2
−
ν
)
2
D
Δ
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4yamaaDa aaleaacaWG0baabaGaey4fIOcaaOGaeyypa0ZaaSaaaeaacaWGebGa ey4kaSIaeqyVd4gccaGae8NeI0IaaGymaaqaaiaaikdacaWGebaaai aadMhadaqhaaWcbaGaamiDaaqaaiabgEHiQaaakiabgUcaRmaalaaa baGaamiraiab=jHiTiaacIcacqaH9oGBcqWFsislcaaIXaGaaiykaa qaaiaaikdacaWGebaaaiaadMhadaWgaaWcbaGaamiDaaqabaGccqGH RaWkdaWcaaqaaiabe27aUjaacIcacaaIYaGae8NeI0IaeqyVd4Maai ykaaqaaiaaikdacaWGebaaaiabgs5aenaaBaaaleaacaWG0baabeaa aaa@5A36@