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主讲人 |
Seongman Moon |
简介 |
<p>We re-investigate 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: Uncovered interest parity fails to hold during the Volcker era and tends to hold during the post-Volcker era; 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.</p> |
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主讲人简介 |
<p>Assistant Professor, Economics department, Chonbuk National University.</p>
<p><a href="/Upload/File/2016/12/20161213111309696.pdf"><span style="color: rgb(0, 0, 255);"><u><strong>Seongman Moon's CV</strong></u></span></a></p> |
期数 |
“WISE-SOE”高级经济学系列讲座2016秋季学期第十一讲（总第376讲） |
