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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (A12)
w
t
−
p
H
t
=
σ
c
t
+
ϕ
n
t
+
2
−
ν
2
s
t
+
μ
t
w
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4DamaaBa aaleaacaWG0baabeaakiabgkHiTiaadchadaWgaaWcbaGaamisaiaa dshaaeqaaOGaeyypa0Jaeq4WdmNaam4yamaaBaaaleaacaWG0baabe aakiabgUcaRiabew9aMjaad6gadaWgaaWcbaGaamiDaaqabaGccqGH RaWkdaWcaaqaaiaaikdacqGHsislcqaH9oGBaeaacaaIYaaaaiaado hadaWgaaWcbaGaamiDaaqabaGccqGHRaWkcqaH8oqBdaqhaaWcbaGa amiDaaqaaGqaciaa=DhaaaGccaGGSaaaaa@525C@