A consumption-based approach to exchange rate predictability
Borradores de Economía; No. 857
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2014-12-12Date of last update
2014-12-12Author
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Abstract
This paper provides evidence of short-run predictability for the real exchange rate by performing out-of-sample tests of a forecasting equation which is derived from a consumption-based asset pricing model. In this model, the real exchange rate is predict
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https://repositorio.banrep.gov.co/handle/20.500.12134/6145https://hdl.handle.net/20.500.12134/6145
https://doi.org/10.32468/be.857
https://ideas.repec.org/p/bdr/borrec/857.html
https://ideas.repec.org/p/col/000094/012339.html
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