Compleción del modelo del overshooting de Dornsbusch
Ramón García-Cobián
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Ramón García-Cobián: Pontificia Universidad Católica del Perú - Departamento de economía
Revista Economía, 2005, issue 55-56, 187-196
Abstract:
The article tries to complete the “overshooting” model of Dornsbusch, explicitly including a dynamic equation for the money market, because he treats this only in an intuitive way, as if there was an infinite speed of adjustment. After pointing out some errors in the original work, it is showed that the hypotheses made by Dornsbusch are sufficient for the completed model to exhibit the wanted “overshooting”.
Keywords: Overshooting model; Dornsbusch; Exchange Rates Dynamics (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pcp:pucrev:y:2005:i:55-56:p:187-196
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