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Pass-through del tipo de cambio en América Latina

Author

Listed:
  • Paul Christian Espinoza Ipanaque

    (Universidad Continental, Perú)

Abstract

En esta investigación se evalúa y compara la dinámica de traspaso del tipo de cambio a la variación de los precios al consumidor en Colombia, Chile, México y Perú desde febrero de 2003 hasta octubre de 2022. Se utiliza la metodología de vectores autorregresivos estructurales (SVAR, por su sigla en inglés) siguiendo la descomposición de Blanchard y Quah (1989). Los resultados muestran un nivel relativamente bajo de traspaso, cierta heterogeneidad en sus magnitudes y con un periodo similar mayor a 25 meses para alcanzar su efecto permanente de largo plazo. Esto nos indica que los bancos centrales de la región deben continuar operando dentro de rangos metas para fortalecer el anclaje de las expectativas de inflación. Una limitación del estudio es la no inclusión de datos antes de la adopción de metas de inflación. Este trabajo representa el primer esfuerzo en aplicar el modelo de vectores autorregresivos estructurales con restricciones de largo plazo a través de ceros robusto a las economías de América Latina. Los efectos del traspaso del tipo de cambio en América Latina se han reducido.

Suggested Citation

  • Paul Christian Espinoza Ipanaque, 2023. "Pass-through del tipo de cambio en América Latina," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 18(4), pages 1-15, Octubre -.
    • Handle: RePEc:imx:journl:v:18:y:2023:i:4:p:7
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    File URL: https://www.remef.org.mx/index.php/remef/article/view/846
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    efecto traspaso; pass-through; tipo de cambio; precios al consumidor; SVAR; América Latina;
    All these keywords.

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • 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
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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