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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B48)
n
˜
t
+
n
˜
t
∗
=
y
˜
t
+
y
˜
t
∗
+
ξ
2
[
ν
2
σ
p
H
t
2
+
2
−
ν
2
σ
p
H
*
t
2
+
ν
2
σ
p
F
*
t
2
+
2
−
ν
2
σ
p
F
t
2
]
+
o
(
‖
a
3
‖
)
.
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