Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (56)
π
F
t
*
=
δ
[
(
σ
(
1
+
D
)
2
D
+
ϕ
)
y
˜
t
*
+
σ
(
D
−
1
)
2
D
y
˜
t
]
+
β
E
t
π
F
t
+
1
*
+
u
t
*
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aa0 baaSqaaiaadAeacaWG0baabaGaaiOkaaaakiabg2da9iabes7aKnaa dmaabaWaaeWaaeaadaWcaaqaaiabeo8aZnaabmaabaGaaGymaiabgU caRiaadseaaiaawIcacaGLPaaaaeaacaaIYaGaamiraaaacqGHRaWk cqaHvpGzaiaawIcacaGLPaaaceWG5bGbaGaadaqhaaWcbaGaamiDaa qaaiaacQcaaaGccqGHRaWkdaWcaaqaaiabeo8aZnaabmaabaGaamir aiabgkHiTiaaigdaaiaawIcacaGLPaaaaeaacaaIYaGaamiraaaace WG5bGbaGaadaWgaaWcbaGaamiDaaqabaaakiaawUfacaGLDbaacqGH RaWkcqaHYoGycaWGfbWaaSbaaSqaaiaadshaaeqaaOGaeqiWda3aa0 baaSqaaiaadAeacaWG0bGaey4kaSIaaGymaaqaaiaacQcaaaGccqGH RaWkcaWG1bWaa0baaSqaaiaadshaaeaacaGGQaaaaOGaaiOlaaaa@66B9@