Shifts in monetary policy and exchange rate dynamics: is Dornbusch's overshooting hypothesis intact, after all?

How do nominal exchange rates adjust after surprise contractions in monetary policy? While the seminal contribution by Dornbusch provides concise predictions - exchange rates appreciate, i.e., overshoot on impact before depreciating gradually - empirical support for his hypothesis is at best mixed....

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Rüth, Sebastian (VerfasserIn)
Dokumenttyp:	Book/Monograph Arbeitspapier
Sprache:	Englisch
Veröffentlicht:	Heidelberg Universitätsbibliothek Heidelberg November 2019
Schriftenreihe:	Discussion paper series / University of Heidelberg, Department of Economics no. 673
In:	Discussion paper series (no. 673)
DOI:	10.11588/heidok.00027363
Schlagworte:	Arbeitspapier Graue Literatur
Online-Zugang:	Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00027363 Verlag, kostenfrei: http://archiv.ub.uni-heidelberg.de/volltextserver/27363/1/R%C3%BCth_2019_dp673.pdf Resolving-System, kostenfrei: http://hdl.handle.net/10419/234997 Resolving-System, kostenfrei, Volltext: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-273636
Verfasserangaben:	Sebastian K. Rüth