RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination Equation (8)

P H t C H t = ν 2 P t C t , MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa8huam aaBaaaleaacaWGibGaamiDaaqabaGccaWGdbWaaSbaaSqaaiaadIea caWG0baabeaakiabg2da9maalaaabaGaeqyVd4gabaGaaGOmaaaaca WGqbWaaSbaaSqaaiaadshaaeqaaOGaam4qamaaBaaaleaacaWG0baa beaakiaac6caaaa@43C9@