RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (83)

π t W = ν 2 π H t + 2 − ν 2 π F t + ν 2 π F t * + 2 − ν 2 π H t * = π H t + π F t * . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aa0 baaSqaaiaadshaaeaacaWGxbaaaOGaeyypa0ZaaSaaaeaacqaH9oGB aeaacaaIYaaaaiabec8aWnaaBaaaleaacaWGibGaamiDaaqabaGccq GHRaWkdaWcaaqaaiaaikdacqGHsislcqaH9oGBaeaacaaIYaaaaiab ec8aWnaaBaaaleaacaWGgbGaamiDaaqabaGccqGHRaWkdaWcaaqaai abe27aUbqaaiaaikdaaaGaeqiWda3aa0baaSqaaiaadAeacaWG0baa baGaaiOkaaaakiabgUcaRmaalaaabaGaaGOmaiabgkHiTiabe27aUb qaaiaaikdaaaGaeqiWda3aa0baaSqaaiaadIeacaWG0baabaGaaiOk aaaakiabg2da9iabec8aWnaaBaaaleaacaWGibGaamiDaaqabaGccq GHRaWkcqaHapaCdaqhaaWcbaGaamOraiaadshaaeaacaGGQaaaaOGa aiOlaaaa@65C4@