Overshooting and Exchange Rate Disconnect Puzzle: A Reappraisal
Transitions to floating exchange rate regimes have led to sharp increases in exchange rate volatilities with no corresponding changes in the distribution of macroeconomic fundamentals. In the spirit of Dornbusch (1976), we assess whether nominal exchange rate overshooting is responsible for this phe...
|Place of publication:||
|Data of publication:||2004/10/01|
|Online Access:||available in Bonn?|
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