RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B65)
a
t
+
n
t
=
y
t
+
ξ
2
(
ν
2
σ
P
H
t
2
+
(
2
−
ν
2
)
ξ
2
σ
p
H
∗
t
2
)
+
o
(
‖
a
3
‖
)
.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6418@