RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B60)
A
t
N
t
=
A
t
∫
0
1
N
t
(
f
)
d
f
=
C
H
t
∫
0
1
(
P
H
t
(
f
)
P
H
t
)
−
ξ
d
f
+
C
H
t
∗
∫
0
1
(
P
H
t
*
(
f
)
P
H
t
*
)
−
ξ
d
f
=
C
H
t
V
H
t
+
C
H
t
∗
V
H
t
∗
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGbb WaaSbaaSqaaiaadshaaeqaaOGaamOtamaaBaaaleaacaWG0baabeaa kiabg2da9iaadgeadaWgaaWcbaGaamiDaaqabaGcdaWdXaqaaiaad6 eadaWgaaWcbaGaamiDaaqabaGccaGGOaGaamOzaiaacMcacaWGKbGa amOzaiabg2da9iaadoeadaWgaaWcbaGaamisaiaadshaaeqaaOWaa8 qmaeaadaqadaqaamaalaaabaGaamiuamaaBaaaleaacaWGibGaamiD aaqabaGccaGGOaGaamOzaiaacMcaaeaacaWGqbWaaSbaaSqaaiaadI eacaWG0baabeaaaaaakiaawIcacaGLPaaadaahaaWcbeqaaGGaaiab =jHiTiabe67a4baakiaadsgacaWGMbGaey4kaSIaam4qamaaDaaale aacaWGibGaamiDaaqaaiabgEHiQaaakmaapedabaWaaeWaaeaadaWc aaqaaiaadcfadaqhaaWcbaGaamisaiaadshaaeaacaGGQaaaaOGaai ikaiaadAgacaGGPaaabaGaamiuamaaDaaaleaacaWGibGaamiDaaqa aiaacQcaaaaaaaGccaGLOaGaayzkaaaaleaacaaIWaaabaGaaGymaa qdcqGHRiI8aaWcbaGaaGimaaqaaiaaigdaa0Gaey4kIipakmaaCaaa leqabaGae8NeI0IaeqOVdGhaaOGaamizaiaadAgaaSqaaiaaicdaae aacaaIXaaaniabgUIiYdaakeaacqGH9aqpcaWGdbWaaSbaaSqaaiaa dIeacaWG0baabeaakiaadAfadaWgaaWcbaGaamisaiaadshaaeqaaO Gaey4kaSIaam4qamaaDaaaleaacaWGibGaamiDaaqaaiabgEHiQaaa kiaadAfadaqhaaWcbaGaamisaiaadshaaeaacqGHxiIkaaGccaGGSa aaaaa@83D3@