RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B21)
C
t
=
Y
t
(
γ
2
S
t
2
−
ν
2
+
(
2
−
ν
2
)
S
t
ν
2
+
1
−
ν
σ
)
−
1
or
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qamaaBa aaleaacaWG0baabeaakiabg2da9iaadMfadaWgaaWcbaGaamiDaaqa baGcdaqadaqaamaalaaabaGaeq4SdCgabaGaaGOmaaaacaWGtbWaa0 baaSqaaiaadshaaeaadaWcaaqaaiaaikdacqGHsislcqaH9oGBaeaa caaIYaaaaaaakiabgUcaRmaabmaabaWaaSaaaeaacaaIYaGaeyOeI0 IaeqyVd4gabaGaaGOmaaaaaiaawIcacaGLPaaacaWGtbWaa0baaSqa aiaadshaaeaadaWcaaqaaiabe27aUbqaaiaaikdaaaGaey4kaSYaaS aaaeaacaaIXaGaeyOeI0IaeqyVd4gabaGaeq4WdmhaaaaaaOGaayjk aiaawMcaamaaCaaaleqabaGaeyOeI0IaaGymaaaakiaab+gacaqGYb aaaa@5A30@