Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "10587"
  #_source: array:26 [
    "id" => "10587"
    "slug" => "exchange-rate-dynamics-under-financial-market-frictions"
    "yearMonth" => "2015-01"
    "year" => "2015"
    "title" => "Exchange Rate Dynamics under Financial Market Frictions"
    "description" => "HYUNJOO, R. et TERRA, C. (2015). <i>Exchange Rate Dynamics under Financial Market Frictions</i>."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "TERRA Cristina"
        "bid" => "B00204269"
        "slug" => "terra-cristina"
      ]
      1 => array:1 [
        "name" => "HYUNJOO Ryou"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:6 [
      0 => "Exchange rates"
      1 => "Interest rate parity"
      2 => "Overshooting"
      3 => "Purchasing"
      4 => "power parity puzzle"
      5 => "Monetary policy"
    ]
    "updatedAt" => "2021-07-13 14:31:39"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Documents de travail"
      "en" => "Working Papers"
    ]
    "support_type" => array:2 [
      "fr" => null
      "en" => null
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "This paper extends Dornbusch’s overshooting model by proposing a generalized interest parity condition (GIP), which captures a sluggish adjustment on the asset market. The exchange rate model under the GIP is able to reproduce the delayed overshooting and the hump-shaped response to monetary shocks of both nominal and real exchange rates. Furthermore, we present empirical results for OECD member countries which fit the theoretical predictions."
      "en" => "This paper extends Dornbusch’s overshooting model by proposing a generalized interest parity condition (GIP), which captures a sluggish adjustment on the asset market. The exchange rate model under the GIP is able to reproduce the delayed overshooting and the hump-shaped response to monetary shocks of both nominal and real exchange rates. Furthermore, we present empirical results for OECD member countries which fit the theoretical predictions."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-12-26T10:21:40.000Z"
    "docTitle" => "Exchange Rate Dynamics under Financial Market Frictions"
    "docSurtitle" => "Working Papers"
    "authorNames" => "<a href="/cv/terra-cristina">TERRA Cristina</a>, HYUNJOO Ryou"
    "docDescription" => "<span class="document-property-authors">TERRA Cristina, HYUNJOO Ryou</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">2015</span>"
    "keywordList" => "<a href="#">Exchange rates</a>, <a href="#">Interest rate parity</a>, <a href="#">Overshooting</a>, <a href="#">Purchasing</a>, <a href="#">power parity puzzle</a>, <a href="#">Monetary policy</a>"
    "docPreview" => "<b>Exchange Rate Dynamics under Financial Market Frictions</b><br><span>2015-01 | Working Papers </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Exchange Rate Dynamics under Financial Market Frictions</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.633589
  +"parent": null
}