An empirical analysis of nominal rigidit
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Gonyung Park; Young-yong Kim
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Article
📅
2003
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John Wiley and Sons
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English
⚖ 145 KB
## 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