RDP 2009-01: Currency Misalignments and Optimal Monetary Policy: A Re-examination
Equation (84)
π
t
R
=
β
1
+
δ
σ
ξ
E
t
π
t
+
1
R
+
ν
−
1
1
+
δ
σ
ξ
u
t
R
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeqiWda3aa0 baaSqaaiaadshaaeaacaWGsbaaaOGaeyypa0ZaaSaaaeaacqaHYoGy aeaacaaIXaGaey4kaSIaeqiTdqMaeq4WdmNaeqOVdGhaaiaadweada WgaaWcbaGaamiDaaqabaGccqaHapaCdaqhaaWcbaGaamiDaiabgUca RiaaigdaaeaacaWGsbaaaOGaey4kaSYaaSaaaeaacqaH9oGBcqGHsi slcaaIXaaabaGaaGymaiabgUcaRiabes7aKjabeo8aZjabe67a4baa caWG1bWaa0baaSqaaiaadshaaeaacaWGsbaaaOGaaiOlaaaa@5960@