Delayed Overshooting: is it an 80's puzzle?

作者： • [12-22]

主讲人	Seongman Moon	简介	<p>We re-investigate the delayed overshooting puzzle. Using a method of sign restrictions, we find that delayed overshooting is primarily a phenomenon of the 1980s when the Fed was under the chairmanship of Paul Volcker. Related findings are as follows: Uncovered interest parity fails to hold during the Volcker era and tends to hold during the post-Volcker era; US monetary policy shocks have substantial impacts on exchange rate variations but misleadingly appear to have small impacts when monetary policy regimes are pooled. In brief, we confirm Dornbusch’s overshooting hypothesis.</p>
时间	2016-12-22(Thursday)16:40-18:00	地点	N303, Econ Building
讲座语言	English	主办单位
承办单位		类型	系列讲座
联系人信息		主持人	Xuexin Wang
专题网站		专题
主讲人简介	<p>Assistant Professor, Economics department, Chonbuk National University.</p> <p><a href="/Upload/File/2016/12/20161213111309696.pdf"><span style="color: rgb(0, 0, 255);"><u><strong>Seongman Moon's CV</strong></u></span></a></p>	期数	“WISE-SOE”高级经济学系列讲座2016秋季学期第十一讲（总第376讲）

系列讲座