estimated magnitude and timing of the overshooting, however, varies across studies. This paper generates delayed overshooting in … monetary shock. The framework allows for a sensitivity analysis of the overshooting result to underlying structural parameters … and magnitude of the overshooting in a predictable manner, suggesting a possible rationale for the cross-study variation …

- empirical support for his hypothesis is at best mixed. I argue that the failure to discover overshooting may result from …

vector autoregression, and assess whether best-practice structural identifications detect textbook "overshooting" after a … monetary policy hike-i.e., an instant real appreciation that monotonically reverts. Our results include "delayed overshooting …," "exchange rate puzzles," "forward discount puzzles," and model-consistent overshooting. Identifications that regularly indicate …

overshooting of the exchange rate as well as persistent deviations from uncovered interest parity. We specify an empirical model … policy shock, and that there is no delay in the overshooting of the U.S. Dollar. Furthermore, there is no persistent …

. The main finding of the paper is a ‘delayed overshooting’ pattern for all currency cross rates examined (sterling/yen, yen … provide evidence that the ‘delayed overshooting’ pattern in cross exchange rates is accompanied by asymmetric interventions by …

modification of the money demand specification. With a money supply rule, rational speculation dampens the overshooting of the …’ inflation targeting, exchange rate overshooting induced by a monetary policy shock is less pronounced under rational speculation …

indicate that the nominal exchange rate exhibits delayed overshooting in response to a monetary expansion, depreciating for …