Choques macroeconómicos y tipo de cambio real: Alguna evidencia para Argentina

Artikel

Dornbusch’s exchange rate overshooting hypothesis (1976) is a central building block in international macroeconomics. This paper analyzes the effects of monetary and other macroeconomic shocks on the real exchange rate in the case of a small economy like Argentina. The paper uses SVAR models with short term restrictions, and quarterly data of this country, covering the period 1993-2014. Results show that a contractionary monetary shock generates an appreciation of the real exchange rate in the short term and then a gradual depreciation of this variable, as the hypothesis of Dornbusch suggests.

Object Details

• Language: Spanisch

References and Relationships

• Bibliographic citation: Journal: Atlantic Review of Economics ; ISSN: 2174-3835 ; Volume: 2 ; Year: 2014 ; Pages: 1-24 ; A Coruña: Colegio de Economistas de A Coruña

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Monetary Policy ; Foreign Exchange ; Open Economy Macroeconomics
• Subject: monetary and other macroeconomic shocks ; real exchange rate ; SVAR models ; Argentina economy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lanteri, Luis N.
• Event: Veröffentlichung
• (who): Colegio de Economistas de A Coruña
• (where): A Coruña
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/146592
• Last update: 10.03.2025, 11:43 AM CET