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

2011-01-13

Authors

Gamboa-Estrada, Fredy

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ISBN

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.

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

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

Description

JEL Codes

F31 - Foreign Exchange
C32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
E58 - Central Banks and Their Policies
C53 - Forecasting and Prediction Methods; Simulation Methods

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Keywords

Keywords

Exchange rate determination , Inflation targeting , Out of sample performance , Johansen multivariate cointegration

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5652
 https://hdl.handle.net/20.500.12134/5652
 https://ideas.repec.org/p/bdr/borrec/635.html
 https://doi.org/10.32468/be.635

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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