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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B27)
c
t
+
c
t
*
=
y
t
+
y
t
*
+
(
ν
−
2
2
)
ν
2
(
ν
−
1
)
2
(
σ
−
1
σ
)
2
S
t
2
+
o
(
‖
a
3
‖
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4yamaaBa aaleaacaWG0baabeaakiabgUcaRiaadogadaqhaaWcbaGaamiDaaqa aiaacQcaaaGccqGH9aqpcaWG5bWaaSbaaSqaaiaadshaaeqaaOGaey 4kaSIaamyEamaaDaaaleaacaWG0baabaGaaiOkaaaakiabgUcaRmaa bmaabaWaaSaaaeaacqaH9oGBcqGHsislcaaIYaaabaGaaGOmaaaaai aawIcacaGLPaaadaWcaaqaaiabe27aUbqaaiaaikdaaaWaaeWaaeaa cqaH9oGBcqGHsislcaaIXaaacaGLOaGaayzkaaWaaWbaaSqabeaaca aIYaaaaOWaaeWaaeaadaWcaaqaaiabeo8aZjabgkHiTiaaigdaaeaa cqaHdpWCaaaacaGLOaGaayzkaaWaaWbaaSqabeaacaaIYaaaaOGaam 4uamaaDaaaleaacaWG0baabaGaaGOmaaaakiabgUcaRiaad+gadaqa daqaamaafmaabaGaamyyamaaCaaaleqabaGaaG4maaaaaOGaayzcSl aawQa7aaGaayjkaiaawMcaaiaac6caaaa@652E@