Compleción del modelo del "overshooting" de Dornbusch

Ramón García-Cobián

No 2003-222, Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú

Abstract: The article tries to complete the "overshooting" model of Dornbusch, explicitly including a dynamic equation for the money market, because this is treated by Dornbusch only in an intuitive way, as if there were in it an infinite speed of adjustment. After pointing out some errors in the original work, it is shown that the hypotheses made by Dornbusch are sufficient for the completed model to exhibit the required "overshooting".

Pages: 12 pages
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pcp:pucwps:wp00222

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