Asymmetries in the Pass-Through of Exchange Rate to Prices: The Argentine Case 2004-2019

Matías Barberis ()
Additional contact information
Matías Barberis: Universidad Nacional de La Plata

Ensayos Económicos, 2021, vol. 1, issue 76, 103-143

Abstract: This document performs an analysis of the asymmetry and non-linearity of the effect that the volatility of the exchange rate introduces on the domestic prices of Argentina during the period 2004-2019. Using the local projections technique, the pass-through coefficient from the exchange rate to prices in different contexts and magnitudes is calculated in order to evaluate its non-linearity and asymmetry. Different specifications of the exchange rate variable were used for a more exhaustive examination. The results suggest that the pass-through coefficient behaves asymmetrically for all the exchange rate variables used and shows clear evidence of non-linearity.

Keywords: Argentina; inflation; exchange rate; pass-through to prices (search for similar items in EconPapers)
JEL-codes: C22 E3 E5 F3 F4 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.bcra.gov.ar/Institucional/DescargaPDF/DownloadPDF.aspx?Id=980 Spanish version (versión en Español) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcr:ensayo:v:1:y:2021:i:76:p:103-143

Access Statistics for this article

Ensayos Económicos is currently edited by Germán Feldman

More articles in Ensayos Económicos from Central Bank of Argentina, Economic Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Federico Grillo ().