RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (10)
C
H
t
(
f
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=
(
P
H
t
(
f
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P
H
t
)
−
ξ
C
H
t
a
n
d
C
F
t
(
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=
(
P
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f
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P
F
t
)
−
ξ
C
F
t
,
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