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Una revaloración algebraica del modelo de sobrerreacción de Dornbusch (1976)
[An Algebraic Reassessment of Dornbusch's (1976) Overreaction Model]

Author

Listed:
  • Eddy Lizarazu Alanez

    (Departamento de Economía, Universidad Autónoma Metropolitana, Iztapalapa, Ciudad de México.)

Abstract

En el modelo de Dornbusch (1976), una expansión monetaria genera una sobrerreacción del tipo de cambio nominal si: (1) el precio de los activos es flexible y el precio de los bienes es rígido; (2) hay perfecta movilidad de capi­tales; y (3) hay previsión perfecta acerca del tipo de cambio futuro. Revisamos algebraicamente el modelo de Dornbusch para mostrar algunas cuestiones: el ajuste regresivo de las expectativas y su conexión con la previsión perfec­ta, también establecemos las condiciones para el efecto desbordamiento. Por ejemplo, si los mercados de capitales carecen de la suficiente flexibilidad, el efecto desbordamiento es relativamente exiguo.

Suggested Citation

  • Eddy Lizarazu Alanez, 2019. "Una revaloración algebraica del modelo de sobrerreacción de Dornbusch (1976) [An Algebraic Reassessment of Dornbusch's (1976) Overreaction Model]," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(2), pages 91-116, July.
    • Handle: RePEc:ris:rnicee:023021
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    Keywords

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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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