A physical interpretation of Hubble's law and the cosmological redshift   from the perspective of a static observer
  We derive explicit and exact expressions for the physical velocity of a free particle comoving with the Hubble flow as measured by a static observer, and for the frequency shift of light emitted by a comoving source and received, again, by a static observer. The expressions make it clear that an interpretation of the redshift as a kind of Doppler effect only makes sense when the distance between the observer and the source vanishes exactly. 
Simen Braeck, Oystein Elgaroy
gr-qc astro-ph.CO