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Mecanismos não-lineares de repasse cambial para o IPCA


Author Info

  • Dionísio Dias Carneiro

    (Department of Economics PUC-Rio)

  • André Monteiro D´Almeida Monteiro
  • Thomas Wu


This paper explores two changes in traditional models that measure the exchange rate pass-through in Brazil. The first change is a non-linear specification to the pass-through coefficient, making it depend on other variables that reflect economic conditions. The second change is to consider different components of the consumer price index, in search for transmission mechanisms of the exchange rate pass-through to prices. The empirical evidence obtained in the period between the quarter of 1994 and the last quarter 2001 suggests the existence of different non-linear mechanism among different price groups.

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Bibliographic Info

Paper provided by Department of Economics PUC-Rio (Brazil) in its series Textos para discussão with number 462.

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Length: 25 pages
Date of creation: Aug 2002
Date of revision:
Handle: RePEc:rio:texdis:462

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Cited by:
  1. Márcio G. P. Garcia, 2002. "Brazil in the 21st century: How to escape the high real interest trap?," Textos para discussão, Department of Economics PUC-Rio (Brazil) 466, Department of Economics PUC-Rio (Brazil).


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