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Una Reconsideración Matemática del Modelo de Overshooting del Tipo de Cambio
[A Mathematical Reconsideration of the Exchange Rate Overshooting Model]

Author

Listed:
  • Macaya, Alejo

Abstract

This paper deals with the generalized or distributional solution of Dornbusch exchange rate “overshooting” model. It proves that the solution to the exercises of change in the quantity of money requires using generalized functions.

Suggested Citation

  • Macaya, Alejo, 2005. "Una Reconsideración Matemática del Modelo de Overshooting del Tipo de Cambio [A Mathematical Reconsideration of the Exchange Rate Overshooting Model]," MPRA Paper 131224, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:131224
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    File URL: https://mpra.ub.uni-muenchen.de/131224/1/MPRA_paper_131224.pdf
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    References listed on IDEAS

    as
    1. Wilson, Charles A, 1979. "Anticipated Shocks and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 639-647, June.
    2. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
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    More about this item

    Keywords

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    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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