RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B40)
Y
t
=
ν
2
S
t
1
−
(
ν
/
2
)
C
t
+
(
1
−
ν
2
)
(
S
t
∗
)
−
ν
/
2
C
t
∗
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamywamaaBa aaleaacaWG0baabeaakiabg2da9maalaaabaGaeqyVd4gabaGaaGOm aaaacaWGtbWaa0baaSqaaiaadshaaeaacaaIXaaccaGae8NeI0Iaai ikaiabe27aUjaac+cacaaIYaGaaiykaaaakiaadoeadaWgaaWcbaGa amiDaaqabaGccqGHRaWkdaqadaqaaiaaigdacqWFsisldaWcaaqaai abe27aUbqaaiaaikdaaaaacaGLOaGaayzkaaGaaiikaGqaciaa+nfa daqhaaWcbaGaamiDaaqaaiabgEHiQaaakiaacMcadaahaaWcbeqaai ab=jHiTiabe27aUjaac+cacaaIYaaaaOGaam4qamaaDaaaleaacaWG 0baabaGaey4fIOcaaOGaaiilaaaa@5878@