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Expectativas, agentes econômicos e dinâmica da taxa de câmbio

Autores/as
  • Márcio Holland

Palabras clave:
Câmbio, Mercado financeiro
Resumen
This paper tries to recover the macroeconomic dynamic of the behavior of the exchange rate, interacting the expectation formation, the economic agents' heterogeneity with econometric models for exchange rate, according to an integrated autoregressive-moving average model ARIMA(r,s) as an approach of the dynamics of the price of a domestic currency price vis-à-vis an international currency. The idea is to demonstrate the analytic capacity of the ARIMA (r,s) model in the recovery of the time series Data Generating Process of exchange rate.
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