THE DECLINE OF THE EXCHANGE RATE PASS-THROUGH IN BRAZIL: EXPLAINING THE ‘FEAR OF FLOATING’ CARLOS EDUARDO SCHÖNERWALD DA SILVA University of Utah

Abstract

This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to have fallen to around 0.2 after the Real Plan stabilization, a number that is similar to the Import Substitution… (More)

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Cite this paper

@inproceedings{VernengoTHEDO, title={THE DECLINE OF THE EXCHANGE RATE PASS-THROUGH IN BRAZIL: EXPLAINING THE ‘FEAR OF FLOATING’ CARLOS EDUARDO SCHÖNERWALD DA SILVA University of Utah}, author={Mat{\'i}as Vernengo and Luis Brunstein and Gabriel Mendoza and Esteban P{\'e}rez} }