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Details for article 7 of 8 found articles
| Title: |
Sticky Prices and Alternative Monetary Feedback Rules: How Robust is the Overshooting Phenomenon? |
| Author: |
Kempa, Bernd Nelles, Michael |
| Appeared in: |
International economic journal |
| Paging: | Volume 13 (1999) nr. 3 pages 1-18 |
| Year: |
1999 |
| Contents: |
The present paper incorporates a mechanism of rules-based central-bank interventions into a Dornbusch-type framework. We show that the implied reactions of exchange rates and interest and interest rate differentials in response to a monetary shock depend crucially on the particular monetary policy feedback rule. The Dornbusch case of postively correlated and overshooting nominal and real exchange rates as well as nominal and real interest rate differentials is only one of the possible scenarios of our model. Different scenarios imply zero and negative correlations and even multiple overshooting. [E58, F31, F41] |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 7 of 8 found articles
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