Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (51)
P
H
t
∗
=
[
θ
(
P
H
t
−
1
∗
)
1
−
ξ
+
(
1
−
θ
)
(
P
H
t
0
*
)
1
−
ξ
]
1
/
(
1
−
ξ
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8huam aaDaaaleaacaWGibGaamiDaaqaaiabgEHiQaaakiabg2da9maadmaa baGaeqiUdeNaaiikaiaadcfadaqhaaWcbaGaamisaiaadshaiiaacq GFsislcaaIXaaabaGaey4fIOcaaOGaaiykamaaCaaaleqabaGaaGym aiab+jHiTiabe67a4baakiabgUcaRiaacIcacaaIXaGae4NeI0Iaeq iUdeNaaiykaiaacIcacaWGqbWaa0baaSqaaiaadIeacaWG0baabaGa aGimaiaacQcaaaGccaGGPaWaaWbaaSqabeaacaaIXaGae4NeI0Iaeq OVdGhaaaGccaGLBbGaayzxaaWaaWbaaSqabeaacaaIXaGaai4laiaa cIcacaaIXaGae4NeI0IaeqOVdGNaaiykaaaakiaac6caaaa@5E9B@