Title of article
Risk premia and overshooting
Author/Authors
Alan G. Isaac، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
6
From page
359
To page
364
Abstract
Exchange rate volatility exceeds the volatility of identified fundamentals. Dornbusch offers the classic explanation: exchange rate overshooting in response to monetary policy shocks. The present paper shows that shocks to the risk premium may be an additional source of overshooting.
Keywords
Overshooting , Exchange rates , Risk premium
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434688
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