Publication: Delayed overshooting: is it an '80s puzzle?
dc.affiliation.dpto | UC3M. Departamento de EconomÃa | es |
dc.contributor.author | Kim, Seong Hoong | |
dc.contributor.author | Moon, Seongman | |
dc.contributor.author | Velasco, Carlos | |
dc.contributor.funder | Comunidad de Madrid | es |
dc.contributor.funder | Ministerio de EconomÃa y Competitividad (España) | es |
dc.date.accessioned | 2022-06-02T15:42:13Z | |
dc.date.available | 2022-06-02T15:42:13Z | |
dc.date.issued | 2017-10-01 | |
dc.description.abstract | We reinvestigate 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: (1) Uncovered interest parity fails to hold during the Volcker era and tends to hold during the post- Volcker era; (2) 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. | en |
dc.description.sponsorship | Support from the Ministerio EconomÃa y Competitividad (Spain), grants ECO2010-19357,SEJ2007-62908, ECO2012-31748, ECO2014-57007p, and MDM 2014-0431, Comunidad de Madrid, and MadEco-CM(S2015/HUM-3444) is gratefully acknowledged. | en |
dc.identifier.bibliographicCitation | Kim, S.-H., Moon, S., & Velasco, C. (2017). Delayed Overshooting: Is It an ’80s Puzzle? Journal of Political Economy, 125 (5), pp. 1570-1598. | en |
dc.identifier.doi | https://doi.org/10.1086/693372 | |
dc.identifier.issn | 0022-3808 | |
dc.identifier.publicationfirstpage | 1570 | es |
dc.identifier.publicationissue | 5 | es |
dc.identifier.publicationlastpage | 1598 | es |
dc.identifier.publicationtitle | JOURNAL OF POLITICAL ECONOMY | en |
dc.identifier.publicationvolume | 125 | es |
dc.identifier.uri | https://hdl.handle.net/10016/34985 | |
dc.identifier.uxxi | AR/0000020534 | |
dc.language.iso | eng | en |
dc.publisher | The University of Chicago Press | en |
dc.relation.projectID | Gobierno de España. ECO2010-19357 | es |
dc.relation.projectID | Gobierno de España. SEJ2007-62908 | es |
dc.relation.projectID | Gobierno de España. ECO2012-31748 | es |
dc.relation.projectID | Gobierno de España. ECO2014-57007-P | es |
dc.relation.projectID | Gobierno de España. MDM 2014-0431 | es |
dc.relation.projectID | Comunidad de Madrid. S2015/HUM-3444 | es |
dc.rights | © 2017 by The University of Chicago. All rights reserved | es |
dc.rights | Atribución-NoComercial 3.0 España | * |
dc.rights.accessRights | open access | en |
dc.rights.uri | http://creativecommons.org/licenses/by-nc/3.0/es/ | * |
dc.subject.eciencia | EconomÃa | es |
dc.title | Delayed overshooting: is it an '80s puzzle? | en |
dc.type | research article | * |
dc.type.hasVersion | VoR | * |
dspace.entity.type | Publication |