Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146592
Authors: 
Lanteri, Luis N.
Year of Publication: 
2014
Citation: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 2 [Year:] 2014 [Pages:] 1-24
Abstract (Translated): 
Dornbusch’s exchange rate overshooting hypothesis (1976) is a central building block in international macroeconomics. This paper analyzes the effects of monetary and other macroeconomic shocks on the real exchange rate in the case of a small economy like Argentina. The paper uses SVAR models with short term restrictions, and quarterly data of this country, covering the period 1993-2014. Results show that a contractionary monetary shock generates an appreciation of the real exchange rate in the short term and then a gradual depreciation of this variable, as the hypothesis of Dornbusch suggests.
Subjects: 
monetary and other macroeconomic shocks
real exchange rate
SVAR models
Argentina economy
JEL: 
C32
E52
F31
F41
Document Type: 
Article

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