Nonlinear mechanisms of the exchange rate pass-through: a Phillips curve model with threshold for Brazil
This paper investigates the presence of nonlinear mechanisms of pass-through from the exchange rate to inflation in Brazil. In particular, it estimates a Phillips curve with a threshold for the pass-through. The paper examines whether the short-run magnitude of the pass-through is affected by the bu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Fundação Getúlio Vargas
2010-09-01
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| Series: | Revista Brasileira de Economia |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402010000300001 |