RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B57)
∫
0
1
p
^
H
t
(
f
)
2
d
f
=
∫
0
1
(
p
H
t
(
f
)
−
E
f
(
p
H
t
(
f
)
)
2
d
f
+
o
(
‖
a
3
‖
)
=
var
(
p
H
t
)
+
o
(
‖
a
3
‖
)
.
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