RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (22)
(
C
t
C
t
∗
)
σ
=
E
t
P
t
∗
P
t
=
E
t
P
H
t
∗
P
H
t
(
S
t
∗
)
−
ν
/
2
S
t
(
ν
/
2
)
−
1
.
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