RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (42)

E t P ˙ H t = P ˙ H t a n d E t P ¯ H t = P ¯ H t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8xram aaBaaaleaacaWG0baabeaakiqadcfagaGaamaaDaaaleaacaWGibGa amiDaaqaaiabgEHiQaaakiaaykW7cqGH9aqpceWGqbGbaiaadaWgaa WcbaGaamisaiaadshaaeqaaOGaaGPaVJqaaiaa+fgacaGFUbGaa4hz aiaaykW7caWFfbWaaSbaaSqaaiaadshaaeqaaOGabmiuayaaraWaa0 baaSqaaiaadIeacaWG0baabaGaey4fIOcaaOGaeyypa0Jabmiuayaa raWaaSbaaSqaaiaadIeacaWG0baabeaakiaac6caaaa@516C@