RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B10)
c
¯
t
*
=
(
1
−
c
y
)
y
¯
t
+
c
y
y
¯
t
*
+
o
(
‖
a
2
‖
)
,
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