Some Notes on Overshooting

Using two examples we have shown that large fluctuations in real exchange rates cannot normally be attributed to "overshooting" in the Dornbusch sense. We proposed to use the interest differential between to countries as a direct and reliable measure of the extend of overshooting. Observing that differential immediately reveals that the past appreciation of the dollar against the mark has hardly anything to do with overshooting.

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Year of publication:	1989
Authors:	Homburg, Stefan
Published in:	Zeitschrift für Wirtschafts- und Sozialwissenschaften. - Berlin : Duncker & Humblot, ISSN 0342-1783. - Vol. 109.1989, 3, p. 443-447
Publisher:	Berlin : Duncker & Humblot
Subject:	Wechselkurs \| Overshooting \| Exchange Rate

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	German
Other identifiers:	789407531 [GVK] hdl:10419/92896 [Handle] RePEc:zbw:espost:92896 [RePEc]
Classification:	F31 - Foreign Exchange
Source:	EconStor

Persistent link: https://www.econbiz.de/10010332568