Nominal Exchange Rate Overshooting (notice n° 544802)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01299cam a2200181 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113522.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Hairault, Jean-Olivier |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Nominal Exchange Rate Overshooting |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2002.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 35 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In the spirit of Dornbusch [1976], the overshooting of the nominal exchange rate following monetary innovations accounts for the huge observed volatilities of nominal exchange rates since the collapse of the Bretton Woods system. This paper quantitatively assesses this proposal in the New Open Economy Macroeconomics framework. We thus develop an international intertemporal general equilibrium model including frictions on the credit side of the economy. Following a monetary expansion the model generates a persistent liquidity effect associated with a nominal exchange rate overshooting. The magnitude of the overshooting is shown to help understanding the huge variability of nominal exchange rates. Classification JEL: F31, F41 |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Patureau, Lise |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Sopraseuth, Thepthida |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 53 | 3 | 2002-07-01 | p. 689-697 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2002-3-page-689?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2002-3-page-689?lang=en&redirect-ssocas=7080</a> |
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