The Mutual Amplification Effect of Exchange Rate Volatility and Unresponsive Trade Prices
收藏NBER1988-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2677
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资源简介：
The volatility of flexible exchange rates greatly exceeds what most analysts anticipated at the advent of generalized floating. The Dornbusch overshooting model accounts for the fact that exchange rates fluctuate more than the underlying fundamentals. This paper presents a model which may help
提供机构：
美国国家经济研究局
创建时间：
1988-08-01
