Determinants of the Exchange Rate in Colombia under Inflation Targeting

Borradores de Economia
Number: 
635
Published: 
Classification JEL: 
C32, C53, E58, F31
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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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