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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (A9)
s
t
=
σ
D
(
y
t
−
y
t
*
)
−
(
ν
−
1
)
D
Δ
t
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaai4CamaaBa aaleaacaWG0baabeaakiabg2da9maalaaabaGaeq4WdmhabaGaamir aaaadaqadaqaaiaadMhadaWgaaWcbaGaamiDaaqabaGccqGHsislca WG5bWaa0baaSqaaiaadshaaeaacaGGQaaaaaGccaGLOaGaayzkaaGa eyOeI0YaaSaaaeaadaqadaqaaiabe27aUjabgkHiTiaaigdaaiaawI cacaGLPaaaaeaacaWGebaaaiabfs5aenaaBaaaleaacaWG0baabeaa kiaacYcaaaa@4D31@