Binder, Michael; Chen, Qianying; Zhang, Xuan - 2010
overshooting of the exchange rate as well as persistent deviations from uncovered interest parity. We specify an empirical model … policy shock, and that there is no delay in the overshooting of the U.S. Dollar. Furthermore, there is no persistent … to capture simultaneous multi-country adjustments to shocks. -- monetary policy ; exchange rate overshooting ; forward …