RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (A18)
π
H
t
=
δ
(
w
t
−
p
H
t
−
a
t
)
+
β
E
t
π
H
t
+
1
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aaS baaSqaaiaadIeacaWG0baabeaakiabg2da9iabes7aKnaabmaabaGa am4DamaaBaaaleaacaWG0baabeaakiabgkHiTiaadchadaWgaaWcba GaamisaiaadshaaeqaaOGaeyOeI0IaamyyamaaBaaaleaacaWG0baa beaaaOGaayjkaiaawMcaaiabgUcaRiabek7aIjaadweadaWgaaWcba GaamiDaaqabaGccqaHapaCdaWgaaWcbaGaamisaiaadshacqGHRaWk caaIXaaabeaakiaacYcaaaa@5170@