The Geographic Spread of a Large Devaluation

Javier Cravino and Andrei Levchenko

AEA Papers and Proceedings, 2018, vol. 108, 562-66

Abstract: Cravino and Levchenko (2017) establish that the 1994 Mexican peso devaluation raised the prices of consumption baskets of low-income households substantially more than the prices of the consumption baskets of high-income households. In this paper, we explore this result further by focusing on the regional variation in how much prices of consumption baskets changed following the devaluation. Our main finding is that the devaluation was anti-poor in all regions, but there is substantial regional dispersion in the relative inflation faced by the poor.

JEL-codes: E21 E31 F31 I32 O11 O19 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/pandp.20181072
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Citations: View citations in EconPapers (7)

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