This Mundell Fleming lecture at the International Monetary Fundas 2001 annual research conference marks the 25th anniversary of Rudiger Dornbuschas masterpiece, aExpectations and Exchange Rate Dynamics, a 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 paperas influence. Last, but not least, I offer some personal reflections on how Dornbusch conveyed the ideas in his aovershooting modela to inspire a generation of students.At least I was not alone in being unable to answer so many of the questions. ... finance course at MIT is the answer to the trivia question aWhen was the last time these guys were completely humiliated in public? ... The ideas in Dombusch ( 1976) have inspired countless students to choose intemational economics as a field.
|Title||:||Dornbusch's Overshooting Model After Twenty-Five Years|
|Author||:||Mr. Kenneth Rogoff|
|Publisher||:||International Monetary Fund - 2002-02-01|