Inflation environment and lower exchange rate pass-through in Brazil: is there a relationship?

Detalhes bibliográficos
Autor(a) principal: Nogueira Junior,Reginaldo Pinto
Data de Publicação: 2010
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402010000100003
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?Exchange Rate Pass-ThroughSmooth Transition ModelsRecent 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.Fundação Getúlio Vargas2010-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402010000100003Revista Brasileira de Economia v.64 n.1 2010reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402010000100003info:eu-repo/semantics/openAccessNogueira Junior,Reginaldo Pintoeng2010-06-07T00:00:00Zoai:scielo:S0034-71402010000100003Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2010-06-07T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Inflation environment and lower exchange rate pass-through in Brazil: is there a relationship?
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 Junior,Reginaldo Pinto
Exchange Rate Pass-Through
Smooth Transition Models
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 Junior,Reginaldo Pinto
author_facet Nogueira Junior,Reginaldo Pinto
author_role author
dc.contributor.author.fl_str_mv Nogueira Junior,Reginaldo Pinto
dc.subject.por.fl_str_mv Exchange Rate Pass-Through
Smooth Transition Models
topic Exchange Rate Pass-Through
Smooth Transition Models
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 2010-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402010000100003
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402010000100003
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0034-71402010000100003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Fundação Getúlio Vargas
publisher.none.fl_str_mv Fundação Getúlio Vargas
dc.source.none.fl_str_mv Revista Brasileira de Economia v.64 n.1 2010
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
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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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