Dornbusch's Overshooting Model after Twenty-Five Years

41 Pages Posted: 30 Jan 2006

See all articles by Kenneth Rogoff

Kenneth Rogoff

Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: February 2002

Abstract

This Mundell Fleming lecture at the International Monetary Fund's 2001 annual research conference marks the 25th anniversary of Rudiger Dornbusch's masterpiece, Expectations and Exchange Rate Dynamics, a seminal contribution to both policy and research in the field of international finance. This essay provides a simple overview of the model as well as some empirics, not only on exchange rates but on measures of the paper's influence. Last, but not least, I offer some personal reflections on how Dornbusch conveyed the ideas in his overshooting model to inspire a generation of students.

Keywords: Overshooting, exchange rates

JEL Classification: F-31, F-41

Suggested Citation

Rogoff, Kenneth S., Dornbusch's Overshooting Model after Twenty-Five Years (February 2002). IMF Working Paper, Vol. , pp. 1-41, 2002. Available at SSRN: https://ssrn.com/abstract=879418

Kenneth S. Rogoff (Contact Author)

Harvard University - Department of Economics ( email )

Littauer Center
Room 232
Cambridge, MA 02138
United States
617-495-4022 (Phone)
617-495-7730 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
974
Abstract Views
2,800
rank
22,697
PlumX Metrics