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
*
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4CamaaBa aaleaacaWG0baabeaakiabgkHiTiaadohadaWgaaWcbaGaamiDaiab gkHiTiaaigdaaeqaaOGaeyypa0JaeyOeI0IaeqiTdqMabm4Cayaaia WaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaeqOSdiMaamyramaaBaaa leaacaWG0baabeaakmaabmaabaGaam4CamaaBaaaleaacaWG0bGaey 4kaSIaaGymaaqabaGccqGHsislcaWGZbWaaSbaaSqaaiaadshaaeqa aaGccaGLOaGaayzkaaGaey4kaSIaamyDamaaBaaaleaacaWG0baabe aakiabgkHiTiaadwhadaqhaaWcbaGaamiDaaqaaiaacQcaaaGccaGG Uaaaaa@5706@