RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B38)
c
˜
t
∗
=
(
1
−
c
y
)
y
˜
t
+
c
y
y
˜
t
∗
−
ν
(
2
−
ν
)
2
D
Δ
t
+
o
(
‖
a
2
‖
)
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGabm4yayaaia Waa0baaSqaaiaadshaaeaacqGHxiIkaaGccqGH9aqpcaGGOaGaaGym aGGaaiab=jHiTiaadogadaWgaaWcbaGaamyEaaqabaGccaGGPaGabm yEayaaiaWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaam4yamaaBaaa leaacaWG5baabeaakiqadMhagaacamaaDaaaleaacaWG0baabaGaey 4fIOcaaOGaaGPaVlab=jHiTiaaykW7daWcaaqaaiabe27aUjaacIca caaIYaGae8NeI0IaeqyVd4MaaiykaaqaaiaaikdacaWGebaaaGGaci ab+r5aenaaBaaaleaacaWG0baabeaakiabgUcaRiaad+gadaqadaqa amaafmaabaGaamyyamaaCaaaleqabaGaaGOmaaaaaOGaayzcSlaawQ a7aaGaayjkaiaawMcaaiaacYcaaaa@5F3D@