RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (36)

W t = ( 0 1 W t ( h ) 1 η t d h ) 1 1 η t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4vamaaBa aaleaacaWG0baabeaakiabg2da9maabmaabaWaa8qmaeaacaWGxbWa aSbaaSqaaiaadshaaeqaaaqaaiaaicdaaeaacaaIXaaaniabgUIiYd GccaGGOaGaamiAaiaacMcadaahaaWcbeqaaiaaigdaiiaacqWFsisl cqaH3oaAdaWgaaadbaGaamiDaaqabaaaaOGaamizaiaadIgaaiaawI cacaGLPaaadaahaaWcbeqaamaalaaabaGaaGymaaqaaiaaigdacqWF sislcqaH3oaAdaWgaaadbaGaamiDaaqabaaaaaaakiaac6caaaa@4F25@