Saghaian, Sayed H.; Reed, Michael R.; Marchant, Mary A. - In: American Journal of Agricultural Economics 84 (2002) 1, pp. 90-103
This article's focus is on the time adjustment paths of the exchange rate and prices in response to unanticipated monetary shocks. First, we expand the theoretical specification of the overshooting hypothesis by generalizing Dornbusch's model to include a third sector (i.e., agricultural...