{"title":"汇率向通货膨胀转移的不对称:巴西的实证分析(1999 - 2013)","authors":"Débora Pimentel, Viviane Luporini, A. Modenesi","doi":"10.1590/0101-416146233DVA","DOIUrl":null,"url":null,"abstract":"This paper investigates a possible non-linearity in the pass-through of the exchange rate to the Brazilian consumer price index. Using a decomposition of the exchange rate series, into appreciations and depreciations, for the period of 1999-2013, the paper estimates a sequence of SVAR models with different identifying restrictions. The results are robust and indicate an important asymmetric behavior of the exchange rate pass-through in Brazil. A simple average of the estimates indicates a pass-through of 11.38% in case of depreciation, and 2.84% in the case of appreciation of the Brazilian currency against the US Dollar.","PeriodicalId":43766,"journal":{"name":"Estudios De Economia","volume":"29 1","pages":"343-372"},"PeriodicalIF":0.4000,"publicationDate":"2016-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"18","resultStr":"{\"title\":\"Assimetrias no repasse cambial para a inflação: Uma análise empírica para o Brasil (1999 a 2013)\",\"authors\":\"Débora Pimentel, Viviane Luporini, A. Modenesi\",\"doi\":\"10.1590/0101-416146233DVA\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper investigates a possible non-linearity in the pass-through of the exchange rate to the Brazilian consumer price index. Using a decomposition of the exchange rate series, into appreciations and depreciations, for the period of 1999-2013, the paper estimates a sequence of SVAR models with different identifying restrictions. The results are robust and indicate an important asymmetric behavior of the exchange rate pass-through in Brazil. A simple average of the estimates indicates a pass-through of 11.38% in case of depreciation, and 2.84% in the case of appreciation of the Brazilian currency against the US Dollar.\",\"PeriodicalId\":43766,\"journal\":{\"name\":\"Estudios De Economia\",\"volume\":\"29 1\",\"pages\":\"343-372\"},\"PeriodicalIF\":0.4000,\"publicationDate\":\"2016-06-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"18\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Estudios De Economia\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1590/0101-416146233DVA\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Estudios De Economia","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1590/0101-416146233DVA","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
Assimetrias no repasse cambial para a inflação: Uma análise empírica para o Brasil (1999 a 2013)
This paper investigates a possible non-linearity in the pass-through of the exchange rate to the Brazilian consumer price index. Using a decomposition of the exchange rate series, into appreciations and depreciations, for the period of 1999-2013, the paper estimates a sequence of SVAR models with different identifying restrictions. The results are robust and indicate an important asymmetric behavior of the exchange rate pass-through in Brazil. A simple average of the estimates indicates a pass-through of 11.38% in case of depreciation, and 2.84% in the case of appreciation of the Brazilian currency against the US Dollar.
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