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

Author

Listed:
  • Hernán Rincón-Castro
  • Norberto Rodríguez-Niño
  • John Castro Pantoja

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.

Suggested Citation

  • Hernán Rincón-Castro & Norberto Rodríguez-Niño & John Castro Pantoja, 2017. "Perturbaciones macroeconómicas, movimientos de la tasa de cambio y transmisión sobre precios," Revista de Economía del Rosario, Universidad del Rosario, vol. 20(2), pages 213-241, December.
    • Handle: RePEc:col:000151:017962
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    File URL: https://revistas.urosario.edu.co/index.php/economia/article/view/6455
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    Citations

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    Cited by:

    1. Hernán Rincón-Castro & Pedro Rubiano-López & Lisseth Yaya-Garzón & Héctor M. Zárate-Solano, 2021. "Traspaso de la tasa de cambio a la inflación básica en Colombia: un análisis de parámetros cambiantes en el tiempo," Borradores de Economia 1177, Banco de la Republica de Colombia.

    More about this item

    Keywords

    Macroeconomic shocks; exchange rate; pass-through on prices on prices; signrestrictions; svar.;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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