RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (A8)
c
t
*
=
D
+
ν
−
1
2
D
y
t
*
+
D
−
(
ν
−
1
)
2
D
y
t
−
ν
(
2
−
ν
)
2
D
Δ
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4yamaaDa aaleaacaWG0baabaGaaiOkaaaakiabg2da9maalaaabaGaamiraiab gUcaRiabe27aUjabgkHiTiaaigdaaeaacaaIYaGaamiraaaacaWG5b Waa0baaSqaaiaadshaaeaacaGGQaaaaOGaey4kaSYaaSaaaeaacaWG ebGaeyOeI0YaaeWaaeaacqaH9oGBcqGHsislcaaIXaaacaGLOaGaay zkaaaabaGaaGOmaiaadseaaaGaamyEamaaBaaaleaacaWG0baabeaa kiabgkHiTmaalaaabaGaeqyVd42aaeWaaeaacaaIYaGaeyOeI0Iaeq yVd4gacaGLOaGaayzkaaaabaGaaGOmaiaadseaaaGaeuiLdq0aaSba aSqaaiaadshaaeqaaOGaaiilaaaa@5AEA@