RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (82)

1 σ q ˜ t = ν 1 D y ˜ t R + ν ( 2 ν ) D Δ t . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaaca aIXaaabaGaeq4WdmhaaiqadghagaacamaaBaaaleaacaWG0baabeaa kiabg2da9maalaaabaGaeqyVd4MaeyOeI0IaaGymaaqaaiaadseaaa GabmyEayaaiaWaa0baaSqaaiaadshaaeaacaWGsbaaaOGaey4kaSYa aSaaaeaacqaH9oGBdaqadaqaaiaaikdacqGHsislcqaH9oGBaiaawI cacaGLPaaaaeaacaWGebaaaiabfs5aenaaBaaaleaacaWG0baabeaa kiaac6caaaa@4EAF@