RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B53)
e
(
1
−
ξ
)
p
^
H
t
(
f
)
=
1
+
(
1
−
ξ
)
p
^
H
t
(
f
)
+
(
1
−
ξ
)
2
2
p
^
H
t
(
f
)
2
+
o
(
‖
a
3
‖
)
.
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