Inflation environment and lower exchange rate pass-through in Brazil: is there a relationship?
Recent studies have suggested that the shift from a high to a low inflation environment induces a decline in the degree of exchange rate pass-through (ERPT) into prices. In this paper we present empirical evidence on this matter for Brazil, applying a smooth transition regression model and testing l...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Fundação Getúlio Vargas
2010-03-01
|
| Series: | Revista Brasileira de Economia |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402010000100003 |