Forecasting the USD/COP exchange rate: a random walk with a variable drift

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Borradores de Economía; No. 253

Date published

2003-08-14

Date

2003-08-14

Authors

Rowland, Peter

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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 study develops three exchange rate models as well as a simple statistical model defined as a random walk with a variable drift. The exchange rate models all use the purchasing power parity hypothesis to account for the long-term relationships between

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JEL Codes

C33 - Multiple/Simultaneous Equation Models; Multiple Variables: Panel Data Models; Spatio-temporal Models

Temática

Keywords

Keywords

Exchange rate

Citation

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https://repositorio.banrep.gov.co/handle/20.500.12134/5271
 https://hdl.handle.net/20.500.12134/5271
 https://ideas.repec.org/p/bdr/borrec/253.html
 https://doi.org/10.32468/be.253

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