Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation

Willem H. Buiter, International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics (Elsevier Science Publishers B.V., 1991), chap. 7, https://www.nber.org/books-and-chapters/international-volatility-and-economic-growth-first-ten-years-international-seminar-macroeconomics/real-exchange-rate-overshooting-and-output-cost-bringing-down-inflation.