Monetary neutrality in the colombian real exchange rate

Arias, Andrés Felipe; Misas A., Martha

Monetary neutrality in the colombian real exchange rate

Download

Borradores de Economía; No. 85

Date published

1998-01-14

Date

1998-01-14

Authors

Arias, Andrés Felipe
Misas A., Martha

Document language

spa

Metrics

downloads: 0

abstract_views: 0

Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

We identified and estimated a SVAR model in the real and nominal exchange rates through the Blanchard and Quah decomposition. This enables us to provide results regarding the magnitude and length of nominal and real shock effects in the real and nominal e