following. (i) The maximal effect on bilateral real exchange rates is observed on impact, so that the “delayed overshooting” or …

density and displays overshooting at an intermediate density. The flow overshooting occurs only for a certain range of ρy …, the current decreases with increasing density. The overshooting shown in the current-density (fundamental) diagram is due … to the formation of an unstable oscillating jam just before clogging occurs. It is shown that flow overshooting does not …

described as exchange rate overshooting. Previous studies have claimed that a tight monetary policy, represented by an increase … in the interest rate, stabilizes an exchange rate by causing currency appreciation, thereby explaining overshooting. This … paper tests the hypothesis that overshooting simply reflects the overreaction of investors due to financial panic during …

to Households' preferences can give rise to an overshooting of the exchange rate. …

techniques, we pay tribute to Rudiger Dornbusch by providing strong evidence for his "overshooting" hypothesis in Thailand, Korea …, Indonesia, Malaysia, and the Philippines. We show that overshooting is a short-run phenomenon; in the long run, money seems to …

We show that expansionary monetary policy causes exchange rate overshooting due to the secondary repercussion comes … through the reaction of firms to changed asset prices and the firms' decisions to invest in real capital. This overshooting … effect adds to any overshooting that occurs through the traditional Dornbusch (1976) channel, since our model with its market …