Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (7)
P
H
t
=
(
∫
0
1
P
H
t
(
f
)
1
−
ξ
d
f
)
1
1
−
ξ
,
a
n
d
P
F
t
=
(
∫
0
1
P
F
t
(
f
)
1
−
ξ
d
f
)
1
1
−
ξ
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaBa aaleaacaWGibGaamiDaaqabaGccWaJaAypa0ZaiWiGbmaabGaJaoac mc4dXaqaiWiGcGaJaoiuamacmc4gaaWcbGaJakacmc4GibGaiWiGds haaeqcmciakiacmcOGOaGaiWiGdAgacGaJakykamacmcihaaWcbKaJ agacmcOaiWiGigdaiiaacWaJa+NeI0IamWiGe67a4baaaeacmcOaiW iGicdaaeacmcOaiWiGigdaa0GamWiGgUIiYdGccGaJaoizaiacmc4G MbaacGaJaAjkaiacmcOLPaaadGaJaYbaaSqajWiGbGaJaoacmc4caa qaiWiGcGaJaIymaaqaiWiGcGaJaIymaiadmc4FsislcWaJasOVdGha aaaakiaacYcacaaMc8ocbaGaa4xyaiaa+5gacaGFKbGaaGPaVJqaci aa9bfadaWgaaWcbaGaamOraiaadshaaeqaaOGaeyypa0ZaaeWaaeaa dGaJa+qmaeacmcOaiWiGdcfadGaJaUbaaSqaiWiGcGaJaoOraiacmc 4G0baabKaJacGccGaJakikaiacmc4GMbGaiWiGcMcadGaJaYbaaSqa jWiGbGaJakacmciIXaGamWiG=jHiTiadmciH+oaEaaaabGaJakacmc iIWaaabGaJakacmciIXaaaniadmcOHRiI8aOGaiWiGdsgacGaJaoOz aaGaayjkaiaawMcaamaaCaaaleqabaWaaSaaaeaacaaIXaaabaGaaG ymaiab=jHiTiabe67a4baaaaGccaGGUaaaaa@B0DB@