RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B50)
A
t
N
t
=
A
t
∫
0
1
N
t
(
f
)
d
f
=
Y
t
∫
0
1
(
P
H
t
(
f
)
P
H
t
)
−
ξ
d
f
=
Y
t
V
t
,
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