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
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamywamaaBa aaleaacaWG0baabeaakiabg2da9maalaaabaGaeq4SdCgabaGaaGOm aaaacaWGtbWaa0baaSqaaiaadshaaeaadaWcaaqaaiaaikdacqGHsi slcqaH9oGBaeaacaaIYaaaaaaakiaadoeadaWgaaWcbaGaamiDaaqa baGccqGHRaWkdaqadaqaamaalaaabaGaaGOmaiabgkHiTiabe27aUb qaaiaaikdaaaaacaGLOaGaayzkaaGaam4uamaaDaaaleaacaWG0baa baWaaSaaaeaacqaH9oGBaeaacaaIYaaaaiabgUcaRmaalaaabaGaaG ymaiabgkHiTiabe27aUbqaaiabeo8aZbaaaaGccaWGdbWaaSbaaSqa aiaadshaaeqaaOGaaiOlaaaa@578A@