Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?

Detalhes bibliográficos
Autor(a) principal: Nogueira Júnior, Reginaldo Pinto
Data de Publicação: 2010
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: https://periodicos.fgv.br/rbe/article/view/1178
Resumo: 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 lagged inflation as a potential transition variable. The results presented in this paper go in line with the literature, and suggest that the lower ERPT largely documented for Brazil in recent years may also be a corollary of low and stable inflation.
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spelling Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?"Pass-through" Cambial e Ambiente Inflacionário no Brasil: Existe Alguma Relação?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 lagged inflation as a potential transition variable. The results presented in this paper go in line with the literature, and suggest that the lower ERPT largely documented for Brazil in recent years may also be a corollary of low and stable inflation.A literatura recente sugere que a transição de um regime de alta para baixa inflação induz uma redução no pass-through cambial (ERPT). Neste artigo apresentamos evidência empírica sobre essa questão, utilizando um modelo não-linear com smooth transition, e testando defasagens da taxa de inflação como variável de transição. Os resultados encontrados corroboram com a literatura sobre o tema, sugerindo que a redução de ERPT amplamente documentada para o Brasil em períodos recentes pode ser também uma conseqüência de taxas mais baixas e estáveis de inflação.EGV EPGE2010-03-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticlesArtigosapplication/pdfhttps://periodicos.fgv.br/rbe/article/view/1178Revista Brasileira de Economia; Vol. 64 No. 1 (2010); 49-56Revista Brasileira de Economia; v. 64 n. 1 (2010); 49-561806-91340034-7140reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/rbe/article/view/1178/1568https://periodicos.fgv.br/rbe/article/view/1178/1572https://periodicos.fgv.br/rbe/article/view/1178/1573Nogueira Júnior, Reginaldo Pintoinfo:eu-repo/semantics/openAccess2010-03-30T20:46:36Zoai:ojs.periodicos.fgv.br:article/1178Revistahttps://periodicos.fgv.br/rbe/https://periodicos.fgv.br/rbe/oai||rbe@fgv.br1806-91340034-7140opendoar:2024-03-06T13:03:01.651132Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
"Pass-through" Cambial e Ambiente Inflacionário no Brasil: Existe Alguma Relação?
title Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
spellingShingle Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
Nogueira Júnior, Reginaldo Pinto
title_short Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
title_full Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
title_fullStr Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
title_full_unstemmed Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
title_sort Inflation Environment and Lower Exchange Rate Pass-Through in Brazil: Is There a Relationship?
author Nogueira Júnior, Reginaldo Pinto
author_facet Nogueira Júnior, Reginaldo Pinto
author_role author
dc.contributor.author.fl_str_mv Nogueira Júnior, Reginaldo Pinto
description 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 lagged inflation as a potential transition variable. The results presented in this paper go in line with the literature, and suggest that the lower ERPT largely documented for Brazil in recent years may also be a corollary of low and stable inflation.
publishDate 2010
dc.date.none.fl_str_mv 2010-03-30
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/rbe/article/view/1178
url https://periodicos.fgv.br/rbe/article/view/1178
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/rbe/article/view/1178/1568
https://periodicos.fgv.br/rbe/article/view/1178/1572
https://periodicos.fgv.br/rbe/article/view/1178/1573
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EGV EPGE
publisher.none.fl_str_mv EGV EPGE
dc.source.none.fl_str_mv Revista Brasileira de Economia; Vol. 64 No. 1 (2010); 49-56
Revista Brasileira de Economia; v. 64 n. 1 (2010); 49-56
1806-9134
0034-7140
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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