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Efecto transferencia (pass-through) del tipo de cambio en los precios de bienes y servicios en Venezuela
[Exchange rate pass-through on prices of goods and services in Venezuela]

Author

Listed:
  • Mendoza Lugo, Omar
  • Pedauga, Luis Enrique

Abstract

This paper delves into the asymmetries of the exchange rate pass-through on prices in the case of Venezuela, extending the analysis of Mendoza (2004) the prices of goods and services. The data used is monthly for the period 07/90 -12/04. We find that pass-through in services is less than pass-through in goods. This result may reflect the presence of a major component of non-tradables in the former than the latter. For both groups there is evidence of price asymmetries associated mainly to the behavior of oil prices, the misalignment of the real exchange rate and monetary expansions or contractions.

Suggested Citation

  • Mendoza Lugo, Omar & Pedauga, Luis Enrique, 2006. "Efecto transferencia (pass-through) del tipo de cambio en los precios de bienes y servicios en Venezuela
    [Exchange rate pass-through on prices of goods and services in Venezuela]
    ," MPRA Paper 14874, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:14874
    as

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    File URL: https://mpra.ub.uni-muenchen.de/14874/1/MPRA_paper_14874.pdf
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Carmen Astrid Romero, 2012. "El efecto transmisión del tipo de cambio en Colombia durante los años de la industrialización," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 30(67), pages 216-251, July.
    2. Dubravko Mihaljek & Marc Klau, 2008. "Exchange rate pass-through in emerging market economies: what has changed and why?," BIS Papers chapters,in: Bank for International Settlements (ed.), Transmission mechanisms for monetary policy in emerging market economies, volume 35, pages 103-130 Bank for International Settlements.
    3. Esquivel Monge, Manfred & Gomez Rodriguez, Jose Fabio, 2010. "Asymmetries of the Exchange Rate Pass Through to Domestic Prices: The Case of Costa Rica," MPRA Paper 60251, University Library of Munich, Germany, revised Jul 2010.

    More about this item

    Keywords

    Pass-through; inflation; depreciation; regression models with smooth transition;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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