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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (84)
π
t
R
=
β
1
+
δ
σ
ξ
E
t
π
t
+
1
R
+
ν
−
1
1
+
δ
σ
ξ
u
t
R
.
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