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• W2128172350 abstract "This paper investigates the presence of nonlinear mechanisms of pass-through from the exchange rate to inflation in Brazil. In particular, it estimates a Phillips curve with a threshold for the pass-through. The paper examines whether the short-run magnitude of the pass-through is affected by the business cycle, direction and magnitude of exchange rate changes, and exchange rate volatility. The results indicate that the short-run pass-through is higher when the economy is growing faster, when the exchange rate depreciates above some threshold and when exchange rate volatility is lower." @default.
• W2128172350 created "2016-06-24" @default.
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• W2128172350 date "2010-09-01" @default.
• W2128172350 modified "2023-10-03" @default.
• W2128172350 title "Nonlinear mechanisms of the exchange rate pass-through: a Phillips curve model with threshold for Brazil" @default.
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• W2128172350 doi "https://doi.org/10.1590/s0034-71402010000300001" @default.
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