{"title":"CPI Exchange Rate Pass-Through Decomposition and Distribution Margins: The Case of Brazil versus Advanced Economies","authors":"Camila Ciss Abdelmalack, C. Campos","doi":"10.5935/0034-7140.20200001","DOIUrl":null,"url":null,"abstract":"We analyze the channels through which the exchange rate af- fects nal consumer prices. We compare advanced countries with one emerging economy, Brazil, to determine the corresponding ex- change rate pass-through and its channels. A key aspect to the exchange rate pass-through is the relative importance of tradables in the consumption basket as well as the share of imported inputs. Since non-tradables are usually cheaper in developing economies, the share of non-tradeables is smaller in theses countries. We il- lustrate this scenario using data from Brazil vis-a-vis a group of advanced economies.","PeriodicalId":52490,"journal":{"name":"Revista Brasileira de Economia","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista Brasileira de Economia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5935/0034-7140.20200001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 3
Abstract
We analyze the channels through which the exchange rate af- fects nal consumer prices. We compare advanced countries with one emerging economy, Brazil, to determine the corresponding ex- change rate pass-through and its channels. A key aspect to the exchange rate pass-through is the relative importance of tradables in the consumption basket as well as the share of imported inputs. Since non-tradables are usually cheaper in developing economies, the share of non-tradeables is smaller in theses countries. We il- lustrate this scenario using data from Brazil vis-a-vis a group of advanced economies.
期刊介绍：
A Revista Brasileira de Economia (RBE) é a mais antiga publicação de Economia do Brasil, e a segunda mais antiga da América Latina. Seus fundadores foram Arizio de Viana, o primeiro editor, e Eugênio Gudin, um dos mais influentes economistas da história brasileira. A RBE foi apresentada no seu primeiro número pelo professor Luiz Simões Lopes, em uma Introdução que poderia constar ainda hoje de qualquer número da revista.
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