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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (73)
s
t
−
s
t
−
1
=
−
δ
s
˜
t
+
β
E
t
(
s
t
+
1
−
s
t
)
+
u
t
−
u
t
*
.
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