Determinants of the Exchange Rate in Colombia under Inflation Targeting

Borradores de Economia
Número: 
635
Publicado: 
Clasificación JEL: 
C32, C53, E58, F31
Palabras clave: 
Exchange rate determination, Inflation Targeting, Out of sample performance, Johansen multivariate cointegration.

Lo más reciente

Andrés Nicolás Herrera-Rojas, David Camilo López-Valenzuela, Juan José Ospina-Tejeiro, Jesús Antonio Bejarano-Rojas
Jaime Alfredo Bonet-Moron, Yuri Carolina Reina-Aranza, Adriana Ortega, Ana Rosa Polanco

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