Borradores de Economia
Número:
972
Publicado:
Clasificación JEL:
C14, C22, C24, E58, F31
Palabras clave:
CLAD, Censored Models, Foreign Exchange Intervention, Central Bank's Policy Function
Lo más reciente
Carola Müller, Matias Ossandon Busch, Miguel Sarmiento, Freddy A. Pinzón-Puerto
Francisco Javier Lasso-Valderrama, Mario Andrés Ramos-Veloza
Diego Fernando Cuesta-Mora, Gómez-Molina Andrés Camilo
Most of the literature on the e ectiveness of foreign exchange intervention has yet to reach a general consensus. In part, this is due to the di erent estimation methods in which exogenous variation is identi ed. In this sense, the use of heavily-dependen