RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B22)
c
t
=
y
t
−
ln
(
ν
2
e
(
2
−
ν
2
)
s
t
+
(
2
−
ν
2
)
e
(
ν
2
+
1
−
ν
σ
)
s
t
)
.
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