Exchange rate pass-through in Brazil: Cost pressure in an input-output approach

Detalhes bibliográficos
Autor(a) principal: Amaral, Stefan Silva
Data de Publicação: 2023
Outros Autores: Silva, Igor Ézio Maciel, Leite, Fabrício Pitombo
Tipo de documento: preprint
Idioma: por
Título da fonte: SciELO Preprints
Texto Completo: https://preprints.scielo.org/index.php/scielo/preprint/view/6730
Resumo: This research aimed to analyze the exchange rate pass-through in Brazil between 1995 and 2019. Using Input-Output Analysis (IOA) was investigated cost-push channel exerted by exchange rate variations, in addition to analyzing the role of imported final goods and the participation and relevance of specific sectors in price formation. The results suggest that changes in the structure of intermediate consumption may be causing a higher cost pressure in recent years. Furthermore, the effects disaggregated by sector are revealed, in which sectors such as automobiles, food, pharmaceuticals, oil refining and wholesale and retail trade have greater participation in the exchange rate pass-through.
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spelling Exchange rate pass-through in Brazil: Cost pressure in an input-output approachPass-through cambial no Brasil: pressão de custos em uma abordagem insumo-produtopass-through cambialcanal de custos da inflaçãoanálise insumo-produto (AIP)exchange rate pass-through (ERPT)cost-push channelinput-output analysis (IOA)This research aimed to analyze the exchange rate pass-through in Brazil between 1995 and 2019. Using Input-Output Analysis (IOA) was investigated cost-push channel exerted by exchange rate variations, in addition to analyzing the role of imported final goods and the participation and relevance of specific sectors in price formation. The results suggest that changes in the structure of intermediate consumption may be causing a higher cost pressure in recent years. Furthermore, the effects disaggregated by sector are revealed, in which sectors such as automobiles, food, pharmaceuticals, oil refining and wholesale and retail trade have greater participation in the exchange rate pass-through.Esta pesquisa teve como objetivo analisar o pass-through cambial aos preços domésticos no Brasil entre 1995 e 2019. Utilizando Análise Insumo-Produto (AIP) foi investigada a pressão de custos exercida por variações cambiais (cost-push channel), além de serem analisados o papel dos bens finais importados e a participação e relevância de setores específicos na formação de preços. Os resultados sugerem que mudanças na estrutura de consumo intermediário podem estar provocando maior pressão de custos nos últimos anos. Além disso, são revelados os efeitos desagregados setorialmente, mostrando que setores como o automobilístico, alimentício, farmacêutico, de refino do petróleo e de comércio por atacado e varejo têm maior participação no repasse cambial.SciELO PreprintsSciELO PreprintsSciELO Preprints2023-09-04info:eu-repo/semantics/preprintinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://preprints.scielo.org/index.php/scielo/preprint/view/673010.1590/0103-6351/7324porhttps://preprints.scielo.org/index.php/scielo/article/view/6730/12756Copyright (c) 2023 Stefan Silva Amaral, Igor Ézio Maciel Silva, Fabrício Pitombo Leitehttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessAmaral, Stefan SilvaSilva, Igor Ézio MacielLeite, Fabrício Pitomboreponame:SciELO Preprintsinstname:Scientific Electronic Library Online (SCIELO)instacron:SCI2023-09-04T19:28:54Zoai:ops.preprints.scielo.org:preprint/6730Servidor de preprintshttps://preprints.scielo.org/index.php/scieloONGhttps://preprints.scielo.org/index.php/scielo/oaiscielo.submission@scielo.orgopendoar:2023-09-04T19:28:54SciELO Preprints - Scientific Electronic Library Online (SCIELO)false
dc.title.none.fl_str_mv Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
Pass-through cambial no Brasil: pressão de custos em uma abordagem insumo-produto
title Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
spellingShingle Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
Amaral, Stefan Silva
pass-through cambial
canal de custos da inflação
análise insumo-produto (AIP)
exchange rate pass-through (ERPT)
cost-push channel
input-output analysis (IOA)
title_short Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
title_full Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
title_fullStr Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
title_full_unstemmed Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
title_sort Exchange rate pass-through in Brazil: Cost pressure in an input-output approach
author Amaral, Stefan Silva
author_facet Amaral, Stefan Silva
Silva, Igor Ézio Maciel
Leite, Fabrício Pitombo
author_role author
author2 Silva, Igor Ézio Maciel
Leite, Fabrício Pitombo
author2_role author
author
dc.contributor.author.fl_str_mv Amaral, Stefan Silva
Silva, Igor Ézio Maciel
Leite, Fabrício Pitombo
dc.subject.por.fl_str_mv pass-through cambial
canal de custos da inflação
análise insumo-produto (AIP)
exchange rate pass-through (ERPT)
cost-push channel
input-output analysis (IOA)
topic pass-through cambial
canal de custos da inflação
análise insumo-produto (AIP)
exchange rate pass-through (ERPT)
cost-push channel
input-output analysis (IOA)
description This research aimed to analyze the exchange rate pass-through in Brazil between 1995 and 2019. Using Input-Output Analysis (IOA) was investigated cost-push channel exerted by exchange rate variations, in addition to analyzing the role of imported final goods and the participation and relevance of specific sectors in price formation. The results suggest that changes in the structure of intermediate consumption may be causing a higher cost pressure in recent years. Furthermore, the effects disaggregated by sector are revealed, in which sectors such as automobiles, food, pharmaceuticals, oil refining and wholesale and retail trade have greater participation in the exchange rate pass-through.
publishDate 2023
dc.date.none.fl_str_mv 2023-09-04
dc.type.driver.fl_str_mv info:eu-repo/semantics/preprint
info:eu-repo/semantics/publishedVersion
format preprint
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://preprints.scielo.org/index.php/scielo/preprint/view/6730
10.1590/0103-6351/7324
url https://preprints.scielo.org/index.php/scielo/preprint/view/6730
identifier_str_mv 10.1590/0103-6351/7324
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://preprints.scielo.org/index.php/scielo/article/view/6730/12756
dc.rights.driver.fl_str_mv Copyright (c) 2023 Stefan Silva Amaral, Igor Ézio Maciel Silva, Fabrício Pitombo Leite
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Stefan Silva Amaral, Igor Ézio Maciel Silva, Fabrício Pitombo Leite
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv SciELO Preprints
SciELO Preprints
SciELO Preprints
publisher.none.fl_str_mv SciELO Preprints
SciELO Preprints
SciELO Preprints
dc.source.none.fl_str_mv reponame:SciELO Preprints
instname:Scientific Electronic Library Online (SCIELO)
instacron:SCI
instname_str Scientific Electronic Library Online (SCIELO)
instacron_str SCI
institution SCI
reponame_str SciELO Preprints
collection SciELO Preprints
repository.name.fl_str_mv SciELO Preprints - Scientific Electronic Library Online (SCIELO)
repository.mail.fl_str_mv scielo.submission@scielo.org
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