Compleción del modelo "overshooting" de Dornbusch

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El artículo intenta completar el modelo del “overshooting” de Dornbusch incluyendo explícitamente una ecuación dinámica para el mercado de dinero, pues éste es tratado sólo de manera intuitiva por Dornbusch como si se diera allí una velocidad de ajuste infinita. Luego de hacer notar algunos errores del trabajo original, se demuestra que las hipótesis hechas por Dornbusch bastan para que el modelo completado exhiba el “overshooting” deseado. ABSTRACT The article tries to complete the "overshooting" model of Dornbusch, explicitly including a dynamic equation for the money market, because this is treated by Dornbusch only in an intuitive way, as if there were in it an infinite speed of adjustment. After pointing out some errors in the original work, it is shown that the hypotheses made by Dornbusch are sufficient for the completed model to exhibit the required "overshooting".

Author(s): Ramón García-Cobián
Series: Documento de Trabajo (222)
Publisher: Pontificia Universidad Católica del Perú (PUCP) - Departamento de Economía
Year: 2003

Language: Spanish
Pages: 12
City: Lima
Tags: Peru