Variation of the exchange rate as a process stochastic and its effect on the Colombian fiscal deficit

Clark Granger Castaño

Resumen


We consider a process with mean reversion and jumps to describe the dynamics of the nominal peso-dollar exchange rate, which is then incorporated into the development of a model for the calculation of the Colombian fiscal deficit.


Palabras clave


Exchange rate, fiscal deficit, stochastic processes

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DOI: https://doi.org/10.18601/17941113.n12.05

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Publicado: 2017-11-09 12:38:50



Copyright (c) 2017 Clark Granger Castaño

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Este obra está bajo una licencia de Creative Commons Reconocimiento-NoComercial 4.0 Internacional.