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RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (B8)
c
t
*
=
(
1
−
c
y
)
y
t
+
c
y
y
t
*
+
o
(
‖
a
2
‖
)
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4yamaaDa aaleaacaWG0baabaGaaiOkaaaakiabg2da9maabmaabaGaaGymaiab gkHiTiaadogadaWgaaWcbaGaamyEaaqabaaakiaawIcacaGLPaaaca WG5bWaaSbaaSqaaiaadshaaeqaaOGaey4kaSIaam4yamaaBaaaleaa caWG5baabeaakiaadMhadaqhaaWcbaGaamiDaaqaaiaacQcaaaGccq GHRaWkcaWGVbWaaeWaaeaadaqbdaqaaiaadggadaahaaWcbeqaaiaa ikdaaaaakiaawMa7caGLkWoaaiaawIcacaGLPaaacaGGSaaaaa@5025@