Add to ORKGJohansen's analysis of cointegrated systems is used to build a model of the Colombian real exchange rate (RER). One cointegrating vector is found, which can be thought of as a long-run RER equation. The deviations of the RER from its long-run equilibrium relationship, after correcting for short-run dynamics, are interpreted as a measure of RER misalignment. The simulation performance of the model during the period of estimation and three years into the future is particularly good, with the simulated RER reproducing the long-run behaviour of the actual series
We estimate a model of real exchange rate determination which is based on interest rate, term struct...
We examine the long-run relationship between the parallel and the official exchange rate in Colombia...
Structural models of the exchange rate have performed very poorly for the industrialized nations dur...
El análisis de Johansen de los sistemas cointegrados se utiliza para construir un modelo del tipo de...
Using the johansens cointegration technique we develop an empirical model of the nominal and real ex...
En este trabajo, estudiamos el comportamiento del tipo de cambio real (TCR) de Colombia con la ayuda...
Given the large drop in the US monetary policy interest rate during the past decade, a significative...
En este trabajo se analizan, con base en un modelo VEC, los determinantes de corto y largo plazos de...
In this paper we present a reduced form model of the real exchange rate. Using multivariate cointegr...
The main objective of this paper is to understand whether there is a long-term relationship between ...
This paper examines the role of the Exchange rate in determining the short and long run trade balanc...
En este documento se calcula la tasa de cambio real de equilibrio y su desalineamiento. Este último,...
This paper calculates an equilibrium level for Net Foreign Assets (NFA) in Colombia, and discusses i...
SIGLEAvailable from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-2410...
Using multivariate cointegration tests for non-stationary data and vector error correction models, t...
We estimate a model of real exchange rate determination which is based on interest rate, term struct...
We examine the long-run relationship between the parallel and the official exchange rate in Colombia...
Structural models of the exchange rate have performed very poorly for the industrialized nations dur...
El análisis de Johansen de los sistemas cointegrados se utiliza para construir un modelo del tipo de...
Using the johansens cointegration technique we develop an empirical model of the nominal and real ex...
En este trabajo, estudiamos el comportamiento del tipo de cambio real (TCR) de Colombia con la ayuda...
Given the large drop in the US monetary policy interest rate during the past decade, a significative...
En este trabajo se analizan, con base en un modelo VEC, los determinantes de corto y largo plazos de...
In this paper we present a reduced form model of the real exchange rate. Using multivariate cointegr...
The main objective of this paper is to understand whether there is a long-term relationship between ...
This paper examines the role of the Exchange rate in determining the short and long run trade balanc...
En este documento se calcula la tasa de cambio real de equilibrio y su desalineamiento. Este último,...
This paper calculates an equilibrium level for Net Foreign Assets (NFA) in Colombia, and discusses i...
SIGLEAvailable from Bibliothek des Instituts fuer Weltwirtschaft, ZBW, Duesternbrook Weg 120, D-2410...
Using multivariate cointegration tests for non-stationary data and vector error correction models, t...
We estimate a model of real exchange rate determination which is based on interest rate, term struct...
We examine the long-run relationship between the parallel and the official exchange rate in Colombia...
Structural models of the exchange rate have performed very poorly for the industrialized nations dur...