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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
∗
,
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