Preços Administrados: projeção e repasse cambial

Paulo Alves, Francisco Rodrigues Figueiredo, Antonio Junior and Leonardo Pio Perez ()

No 305, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: This paper presents the framework employed by the Central Bank of Brazil for the projection of administered prices. Such framework is applied in the generation of short and medium term forecasts and combines econometric models with the “accounting” modeling based on expert analysis. The text also covers the review of the coefficients of exchange rate pass-through to administered prices, which affects the trajectory of the headline IPCA in the projection models.

Date: 2013-03
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