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Financial Equilibrium Dynamics: A Comprehensive Analysis of Exchange Rate Overshooting

Explore the concepts of sluggish price adjustment, monetary expansion, and bubble fundamentals within the Dornbusch model. Delve into the impacts of the Asian crisis in Thailand and the real value of the US dollar from 1979-2011. Gain insights into exchange rate forecasting and infinite nested-ness.

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Financial Equilibrium Dynamics: A Comprehensive Analysis of Exchange Rate Overshooting

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  1. Figure 26.1 Rudiger Dornbusch, 1942 – 2002

  2. Figure 26.2 Financial equilibrium

  3. Figure 26.3 Sluggish price adjustment

  4. Figure 26.4 Phase diagram of the Dornbusch model

  5. Figure 26.5 Dornbusch model dynamics

  6. Figure 26.6 The Asian crisis in Thailand

  7. Figure 26.7 Monetary expansion: exchange rate overshooting

  8. Figure 26.8 Overshooting

  9. Figure 26.9 Infinite nested-ness, fundamentals, and bubbles

  10. Figure 26.10 The real value of the US dollar, 1979-2011

  11. Figure 26.11 Out-of-sample exchange rate forecasting

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