Great expectations? evidence from Colombia’s exchange rate survey

It In this paper, we use the largest exchange rate survey in Colombia to test for the rational expectations hypothesis, the presence of a time-varying risk premium and the accuracy of exchange rate forecasts. Our findings indicate that episodes of exchange rate appreciation preceded expectations of...

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Detalles Bibliográficos
Autores Principales: Echavarría, Juan José, Villamizar Villegas, Mauricio
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Springer Nature 2016
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/25900
https://doi.org/10.1007/s40503-016-0033-2