RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (6)
P
t
=
k
−
1
P
H
t
ν
/
2
P
F
t
1
−
(
ν
/
2
)
,
k
=
(
1
−
(
ν
/
2
)
)
1
−
(
ν
/
2
)
(
ν
/
2
)
ν
/
2
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8huam aaBaaaleaacaWG0baabeaakiabg2da9iaadUeadaahaaWcbeqaaGGa aiab+jHiTiaaigdaaaGccaWGqbWaa0baaSqaaiaadIeacaWG0baaba GaamODaiaac+cacaaIYaaaaOGaamiuamaaDaaaleaacaWGgbGaamiD aaqaaiaaigdacqGFsislcqGFOaakcaWG2bGaai4laiaaikdacaGGPa aaaOGaaiilaiaa=TeacaWF9aacbaGaa0hkaiaa9fdacqGFsislcaqF OaGaeqyVd4Maa83laiaa=jdacaqFPaGaa0xkamaaCaaaleqabaGaaG ymaiabgkHiTiaacIcacqaH9oGBcaGGVaGaaGOmaiaacMcaaaGccaGG OaGaeqyVd4Maai4laiaaikdacaGGPaWaaWbaaSqabeaacqaH9oGBca GGVaGaaGOmaaaakiaac6caaaa@61CF@