response can be so great as to increase R.РРРР108РРРFURTHER READINGSРРBen S. Bernanke, Thomas Laubach, Frederic S. Mishkin, and Adam S. Posen. Inflation Targeting: Lessons from the International Experience. Princeton, New Jersey: Princeton University Press, 1999.РРRudiger Dornbusch. "Expectations and Exchange Rate Dynamics." Journal of Political Economy. 84 (December 1976), pp. 1161-1176.РРJacob A. Frenkel and Michael L. Mussa. "The Efficiency of Foreign Exchange Markets and Measures of Turbulence." American Economic Review 70 (May 1980), pp. 374-381.Р РRobert E. Hall and John B. Taylor. Macroeconomics: Theory, Performance and Policy. 4th edition, New York: Norton, 1993.РРRichard M. Levich. "Overshooting" in the Foreign Exchange Market. Occasional Paper 5. New York: Group of Thirty, 1981.
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