RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (24)
V
H
t
≡
∫
0
1
(
P
H
t
(
f
)
P
H
t
)
−
ξ
d
f
c
,
a
n
d
V
H
t
∗
≡
∫
0
1
(
P
H
t
∗
(
f
)
P
H
t
∗
)
−
ξ
d
f
.
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