RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (15)

N t ( f ) = ( 0 1 N t ( h , f ) η t 1 η t d h ) η η t 1 , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOtamaaBa aaleaacaWG0baabeaakiaacIcacaWGMbGaaiykaiabg2da9maabmaa baWaa8qmaeaacaWGobWaaSbaaSqaaiaadshaaeqaaOGaaiikaiaadI gacaGGSaGaamOzaiaacMcadaahaaWcbeqaamaalaaabaGaeq4TdG2a aSbaaWqaaiaadshaaeqaaGGaaSGae8NeI0IaaGymaaqaaiabeE7aOn aaBaaameaacaWG0baabeaaaaaaaaWcbaGaaGimaaqaaiaaigdaa0Ga ey4kIipakiaadsgacaWGObaacaGLOaGaayzkaaWaaWbaaSqabeaada WcaaqaaiabeE7aObqaaiabeE7aOnaaBaaameaacaWG0baabeaaliab =jHiTiaaigdaaaaaaOGaaiilaaaa@56E4@