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

− E t ∑ j = 0 ∞ β j X t + j = − E t ∑ j = 0 ∞ β j Ψ t + j MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeyOeI0Iaam yramaaBaaaleaacaWG0baabeaakmaaqahabaGaeqOSdi2aaWbaaSqa beaacaWGQbaaaOGaamiwamaaBaaaleaacaWG0bGaey4kaSIaamOAaa qabaaabaGaamOAaiabg2da9iaaicdaaeaacqGHEisPa0GaeyyeIuoa kiabg2da9iabgkHiTiaadweadaWgaaWcbaGaamiDaaqabaGcdaaeWb qaaiabek7aInaaCaaaleqabaGaamOAaaaakiabfI6aznaaBaaaleaa caWG0bGaey4kaSIaamOAaaqabaaabaGaamOAaiabg2da9iaaicdaae aacqGHEisPa0GaeyyeIuoaaaa@5766@