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Dornbusch revisited

Jean-Olivier Hairault, Lise Patureau and Thepthida Sopraseuth
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Lise Patureau: THEMA - Théorie économique, modélisation et applications - UCP - Université de Cergy Pontoise - Université Paris-Seine - CNRS - Centre National de la Recherche Scientifique

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Abstract: The emergence of the real business cycle literature in the beginning of the 1980s has induced substantial progress in macroeconomic theory and technical modelling, allowing economic research to tackle new or older questions with a renewed focus. Attention has thus been drawn to the quantitative properties of the business cycles in terms of first- and second-order moments.

Keywords: Nominal exchange rate overshooting; limited participation; DSGE model (search for similar items in EconPapers)
Date: 2004
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Published in Exchange rate Dynamics: a new open economy macroeconomics perspective, pp.55-83, 2004

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