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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]

  • Mendoza Lugo, Omar
  • Pedauga, Luis Enrique

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14874.

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Date of creation: Dec 2006
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Handle: RePEc:pra:mprapa:14874
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