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Intertemporal Substitution and Durable Goods: An Empirical Analysis

✍ Scribed by Yvon Fauvel and Lucie Samson


Book ID
125005246
Publisher
John Wiley and Sons
Year
1991
Tongue
English
Weight
362 KB
Volume
24
Category
Article
ISSN
0008-4085

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## Abstract This paper develops a system of equations from a model that combines an intertemporal approach with nominal rigidities, and empirically examines for five foreign currencies if exchange rates overshoot. Exchange rate overshooting is considered as a country's idiosyncrasy that depends on