IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Pass-Through del Tipo de Cambio y Política Monetaria: Evidencia Empírica de los Países del OECD

Listed author(s):
  • Cesar Carrera


    (University of California, Santa Cruz and Central Bank of Peru)

  • Mahir Binici


    (University of California, Santa Cruz and Central Bank of Turkey)

Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en el grado de pass-through del tipo de cambio hacia los precios en cada economía. Si los ambientes inflacionarios tienen efectos en la conducta del pass-through, la pregunta a responder es el tipo de relación que tendría con los diferentes índices de precios. Usando estimaciones individuales de pass-through por cada país este documento también examina la relación entre el pass-through y precios tomando como referencia la perspectiva de corte transversal. En nuestro trabajo usamos datos para 29 países de la OECD, y encontramos evidencia en favor de la hipótesis de que el pass-through del tipo de cambio sobre precios es menor cuando se toma en cuenta ambientes en los cuales se observa bajos y estables niveles de inflación, los cuales podrían estar influenciados por una política monetaria más ordenada y efectiva en términos de transparencia y control de la inflación.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Application/pdf
Download Restriction: no

Paper provided by Banco Central de Reserva del Perú in its series Working Papers with number 2006-009.

in new window

Date of creation: Oct 2006
Handle: RePEc:rbp:wpaper:2006-009
Contact details of provider: Postal:
Jr. Miro Quesada 441, Lima

Phone: 427-6250 ext. 3841
Fax: 426-6125
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Pinelopi Koujianou Goldberg & Michael M. Knetter, 1997. "Goods Prices and Exchange Rates: What Have We Learned?," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1243-1272, September.
  2. Devereux, Michael B. & Engel, Charles & Storgaard, Peter E., 2004. "Endogenous exchange rate pass-through when nominal prices are set in advance," Journal of International Economics, Elsevier, vol. 63(2), pages 263-291, July.
  3. Betts, Caroline & Devereux, Michael B., 1996. "The exchange rate in a model of pricing-to-market," European Economic Review, Elsevier, vol. 40(3-5), pages 1007-1021, April.
  4. Michael B. Devereux & James Yetman, 2002. "Price Setting and Exhange Rate Pass-Through," Working Papers 222002, Hong Kong Institute for Monetary Research.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:rbp:wpaper:2006-009. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Research Unit)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.