Skip to content
RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B68)
∑
j
=
0
∞
β
j
σ
p
H
t
+
j
2
=
β
(
1
−
β
θ
)
(
1
−
θ
)
∑
j
=
0
∞
β
j
π
H
t
+
j
2
.
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@64C9@