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Expectativas Racionales y Dinámicas del Tipo de Cambio: Una Nota

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  • Felipe Larraín

    (Instituto de Economía)

Abstract

The volatility of exchange rates after the collapse of Bretton Woods has stimulated subsequent research on the subject. On the theoretical side, the result of an overshooting of the exchange rate has been obtained by Dornbusch, both under adaptive and rat

Suggested Citation

  • Felipe Larraín, 1986. "Expectativas Racionales y Dinámicas del Tipo de Cambio: Una Nota," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 23(68), pages 69-76.
    • Handle: RePEc:ioe:cuadec:v:23:y:1986:i:68:p:69-76
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    References listed on IDEAS

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    1. Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-1176, December.
    2. Sargent, Thomas J, 1978. "Estimation of Dynamic Labor Demand Schedules under Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 1009-1044, December.
    3. repec:bla:scandj:v:78:y:1976:i:2:p:255-75 is not listed on IDEAS
    4. Frenkel, Jacob A, 1981. "Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 665-705, August.
    5. Dornbusch, Rudiger & Fischer, Stanley, 1980. "Exchange Rates and the Current Account," American Economic Review, American Economic Association, vol. 70(5), pages 960-971, December.
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