Determinants of the exchange rate in Colombia under inflation targeting

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Borradores de Economía; No. 635
Date published
2011-01-13
Date of last update
2011-01-13
Author
Gamboa-Estrada, Fredy
Document language
spa
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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.
Abstract
This research studies the forecasting performance of conventional and more recent exchange rate models in Colombia. The purpose is to explain which have been the main exchange rate determinants under an Inflation Targeting regime and a completely floating
JEL Codes
F31 - Foreign ExchangeC32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space ModelsE58 - Central Banks and Their PoliciesC53 - Forecasting and Prediction Methods; Simulation Methods
Keywords
Exchange rate determination ; Inflation targeting ; Out of sample performance ; Johansen multivariate cointegration ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5652
https://hdl.handle.net/20.500.12134/5652
https://doi.org/10.32468/be.635
https://ideas.repec.org/p/bdr/borrec/635.html
https://ideas.repec.org/p/col/000094/007870.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit