Inflation targeting and exchange rate pass-through

Detalhes bibliográficos
Autor(a) principal: Nogueira Junior, Reginaldo Pinto
Data de Publicação: 2007
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/948
Resumo: The paper presents evidence on exchange rate pass-through (ERPT) for a set of emerging markets before and after the adoption of Inflation Targeting (IT). Some developed economies are also analysed for comparison. We use an ARDL model to estimate the short-run and the long-run effects of depreciations on consumer and producer prices. The results show that ERPT has declined after IT for both price indexes. Nonetheless, this reduction does not mean that ERPT is no longer existent, especially over the long-run.
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spelling Inflation targeting and exchange rate pass-throughmetas inflacionáriaspass-througheconomias emergentesinflation targetingpass-throughemerging marketsThe paper presents evidence on exchange rate pass-through (ERPT) for a set of emerging markets before and after the adoption of Inflation Targeting (IT). Some developed economies are also analysed for comparison. We use an ARDL model to estimate the short-run and the long-run effects of depreciations on consumer and producer prices. The results show that ERPT has declined after IT for both price indexes. Nonetheless, this reduction does not mean that ERPT is no longer existent, especially over the long-run.O artigo apresenta evidência sobre o exchange rate pass-through (ERPT) para um grupo de economias emergentes que adotaram o regime de metas inflacionárias. Algumas economias desenvolvidas também são analisadas para efeito de comparação. O ERPT é estimado por meio de um modelo ARDL para preços ao consumidor e ao produtor. Os resultados mostram uma forte redução do ERPT para ambos os índices de preços, após a adoção do regime de metas. A queda observada, porém, não significa que o ERPT tenha sido totalmente eliminado, em especial no longo prazo.Universidade de São Paulo, FEA-RP/USP2007-06-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/94810.1590/S1413-80502007000200002Economia Aplicada; Vol. 11 No. 2 (2007); 189-208Economia Aplicada; Vol. 11 Núm. 2 (2007); 189-208Economia Aplicada; v. 11 n. 2 (2007); 189-2081980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ecoa/article/view/948/960Copyright (c) 2015 Economia Aplicadainfo:eu-repo/semantics/openAccessNogueira Junior, Reginaldo Pinto2012-04-24T18:07:26Zoai:revistas.usp.br:article/948Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-09-13T12:16:50.549356Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Inflation targeting and exchange rate pass-through
title Inflation targeting and exchange rate pass-through
spellingShingle Inflation targeting and exchange rate pass-through
Nogueira Junior, Reginaldo Pinto
metas inflacionárias
pass-through
economias emergentes
inflation targeting
pass-through
emerging markets
title_short Inflation targeting and exchange rate pass-through
title_full Inflation targeting and exchange rate pass-through
title_fullStr Inflation targeting and exchange rate pass-through
title_full_unstemmed Inflation targeting and exchange rate pass-through
title_sort Inflation targeting and exchange rate pass-through
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 metas inflacionárias
pass-through
economias emergentes
inflation targeting
pass-through
emerging markets
topic metas inflacionárias
pass-through
economias emergentes
inflation targeting
pass-through
emerging markets
description The paper presents evidence on exchange rate pass-through (ERPT) for a set of emerging markets before and after the adoption of Inflation Targeting (IT). Some developed economies are also analysed for comparison. We use an ARDL model to estimate the short-run and the long-run effects of depreciations on consumer and producer prices. The results show that ERPT has declined after IT for both price indexes. Nonetheless, this reduction does not mean that ERPT is no longer existent, especially over the long-run.
publishDate 2007
dc.date.none.fl_str_mv 2007-06-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/948
10.1590/S1413-80502007000200002
url https://www.revistas.usp.br/ecoa/article/view/948
identifier_str_mv 10.1590/S1413-80502007000200002
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/948/960
dc.rights.driver.fl_str_mv Copyright (c) 2015 Economia Aplicada
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2015 Economia Aplicada
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 11 No. 2 (2007); 189-208
Economia Aplicada; Vol. 11 Núm. 2 (2007); 189-208
Economia Aplicada; v. 11 n. 2 (2007); 189-208
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
_version_ 1800221694066950144

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