Nonlinear mechanisms of the exchange rate pass-through: A Phillips curve model with threshold for Brazil

Nonlinear Mechanisms of the Exchange Rate Pass-Through: A Phillips Curve Model with Threshold for Brazil

dc.creatorCorrea, Arnildo da Silva
dc.creatorMinella, André
dc.date2010-09-02
dc.date.accessioned2023-08-31T21:06:11Z
dc.date.available2023-08-31T21:06:11Z
dc.identifierhttps://periodicos.fgv.br/rbe/article/view/946
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8559375
dc.descriptionThis paper investigates the presence of nonlinear mechanisms of the pass-through from exchange rate to inflation in Brazil. In particular, it estimates a Phillips curve with a threshold for the pass-through. The paper examines whether the short-run magnitude of the pass-through is affected by the business cycle, direction and magnitude of the exchange rate change, and volatility of the exchange rate. The results indicate that the short-run pass-through is higher when the economy is booming, when the exchange rate depreciates above some threshold and when the exchange rate volatility is lower.en-US
dc.descriptionEste trabalho investiga a presença de mecanismos não-lineares de repasse cambial para a inflação no Brasil. Em particular, estima-se uma curva de Phillips com limiar (threshold) para o repasse cambial. O artigo examina se a magnitude de curto prazo do repasse é afetada pelo ciclo econômico, pela direção e magnitude da variação cambial e pela volatilidade da taxa de câmbio. Os resultados indicam que o repasse de curto prazo é maior quando a economia está em expansão, quando a taxa de câmbio se deprecia acima de certo valor e quando a volatilidade da taxa de câmbio é menor.pt-BR
dc.formatapplication/pdf
dc.formatapplication/pdf
dc.languagepor
dc.languageeng
dc.publisherEGV EPGEpt-BR
dc.relationhttps://periodicos.fgv.br/rbe/article/view/946/1810
dc.relationhttps://periodicos.fgv.br/rbe/article/view/946/1811
dc.sourceRevista Brasileira de Economia; Vol. 64 No. 3 (2010); 231-243en-US
dc.sourceRevista Brasileira de Economia; v. 64 n. 3 (2010); 231-243pt-BR
dc.source1806-9134
dc.source0034-7140
dc.subjectExchange Rate Pass-Throughen-US
dc.subjectThresholden-US
dc.subjectInflationen-US
dc.subjectNonlinearityen-US
dc.subjectBrazil.en-US
dc.subjectExchange Rate Pass-Throughpt-BR
dc.subjectThresholdpt-BR
dc.subjectInflationpt-BR
dc.subjectNonlinearitypt-BR
dc.subjectBrazil.pt-BR
dc.titleNonlinear mechanisms of the exchange rate pass-through: A Phillips curve model with threshold for Brazilen-US
dc.titleNonlinear Mechanisms of the Exchange Rate Pass-Through: A Phillips Curve Model with Threshold for Brazilpt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.typeArticlesen-US
dc.typeArtigospt-BR


Este ítem pertenece a la siguiente institución