Perturbaciones macroeconómicas, movimientos de la tasa de cambio y transmisión sobre precios

Hernan Rincon-Castro, Norberto Rodríguez-Niño and John Castro-Pantoja ()
Authors registered in the RePEc Author Service: Norberto Rodríguez ()

Revista de Economía del Rosario, 2017, vol. 20, issue 2, No 17962, 213-241

Abstract: The literature that has studied the transmission of exchange rate movements on prices, known as exchange rate pass-through, assumes that they are exogenous to the shocks that impact the economy. This assumption has been reviewed according to predictions of modern macroeconomic models, which point out that exchange movements are endogenous. Based on this prediction, this paper shows that the degree of transmission depends on the type of shock that gives rise to the exchange rate movement, i.e., transmission is shock-dependent.

Keywords: Macroeconomic shocks; exchange rate; pass-through on prices on prices; signrestrictions; svar. (search for similar items in EconPapers)
JEL-codes: C51 E31 E32 E52 F31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000151:017962

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