Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (74)
s
t
=
1
1
+
δ
+
β
s
t
−
1
+
β
1
+
δ
+
β
E
t
s
t
+
1
+
1
1
+
δ
+
β
ϑ
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4CamaaBa aaleaacaWG0baabeaakiabg2da9maalaaabaGaaGymaaqaaiaaigda cqGHRaWkcqaH0oazcqGHRaWkcqaHYoGyaaGaam4CamaaBaaaleaaca WG0bGaeyOeI0IaaGymaaqabaGccqGHRaWkdaWcaaqaaiabek7aIbqa aiaaigdacqGHRaWkcqaH0oazcqGHRaWkcqaHYoGyaaGaamyramaaBa aaleaacaWG0baabeaakiaadohadaWgaaWcbaGaamiDaiabgUcaRiaa igdaaeqaaOGaey4kaSYaaSaaaeaacaaIXaaabaGaaGymaiabgUcaRi abes7aKjabgUcaRiabek7aIbaacqaHrpGsdaWgaaWcbaGaamiDaaqa baGccaGGSaaaaa@5C90@