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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B20)
Y
t
=
γ
2
S
t
2
−
ν
2
C
t
+
(
2
−
ν
2
)
S
t
ν
2
+
1
−
ν
σ
C
t
.
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