@article{10336/27096,
author = {Otero, Jesus},
year = {1999},
month = {1},
url = {https://repository.urosario.edu.co/handle/10336/27096},
abstract = {Johansen's analysis of cointegrated systems is used to build a model of the Colombian real exchange rate (RER). A cointegration vector is found, which can be considered as a long-term RER equation. Deviations of the RER from its long-term equilibrium ratio, after correcting for the short-term dynamics, are interpreted as a measure of the misalignment of the RER. The performance of the model simulation during the estimation period and three years into the future is particularly good, with the simulated RER reproducing the long-term behavior of the real series.},
booktitle = {Economía Aplicada, ISSN:0003-6846, Vol.31, No.5 (1999); pp. 661-671},
keywords = {Las desviaciones del RER},
keywords = {RER simulado},
keywords = {Modelo del tipo de cambio real colombiano},
title = {The real exchange rate in Colombia: An analysis using multivariate cointegration},
publisher = {Taylor & Francis},
keywords = {Deviations from the RER},
keywords = {Simulated RER},
keywords = {Colombian real exchange rate model},
doi = {https://doi.org/10.1080/000368499324101},
}