Efecto transferencia (pass-through) del tipo de cambio en los precios de bienes y servicios en Venezuela

Exchange rate pass-through on prices of goods and services in Venezuela

Omar Mendoza Lugo and Luis Pedauga

MPRA Paper from University Library of Munich, Germany

Abstract: This paper delves into the asymmetries of the exchange rate pass-through on prices in the case of Venezuela, extending the analysis of Mendoza (2004) the prices of goods and services. The data used is monthly for the period 07/90 -12/04. We find that pass-through in services is less than pass-through in goods. This result may reflect the presence of a major component of non-tradables in the former than the latter. For both groups there is evidence of price asymmetries associated mainly to the behavior of oil prices, the misalignment of the real exchange rate and monetary expansions or contractions.

Keywords: Pass-through; inflation; depreciation; regression models with smooth transition (search for similar items in EconPapers)
JEL-codes: C32 C51 E31 E37 (search for similar items in EconPapers)
Date: 2006-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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