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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
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