Inflation targeting and exchange rate pass-through
DOI:
https://doi.org/10.1590/S1413-80502007000200002Keywords:
inflation targeting, pass-through, emerging marketsAbstract
The paper presents evidence on exchange rate pass-through (ERPT) for a set of emerging markets before and after the adoption of Inflation Targeting (IT). Some developed economies are also analysed for comparison. We use an ARDL model to estimate the short-run and the long-run effects of depreciations on consumer and producer prices. The results show that ERPT has declined after IT for both price indexes. Nonetheless, this reduction does not mean that ERPT is no longer existent, especially over the long-run.Downloads
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Published
2007-06-01
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Section
Papers
How to Cite
Nogueira Junior, R. P. (2007). Inflation targeting and exchange rate pass-through. Economia Aplicada, 11(2), 189-208. https://doi.org/10.1590/S1413-80502007000200002