IDEAS home Printed from https://ideas.repec.org/a/uns/esteco/v34y2017i68p39-73.html
   My bibliography  Save this article

Devaluaciones reales y aceleraciones inflacionarias
[Real devaluations and inflation accelerations]

Author

Listed:
  • Pablo Carreras Mayer

Abstract

Open economies may experience trade-offs between increments in the real exchange rate (RER) and in flation accelerations lasting throughout relevant time horizons. A methodology is applied on a monthly panel comprising 98 countries during 1970-2014. Episodes of “significant and extended” increases of the RER are identified, classifying them as “accelerating” or “non-accelerating” according to inflation dynamics. The in flationary response of the regions under study is highly heterogenous, as well as between emerging and advanced economies. The probability of an “accelerating” episode (i) increases the higher the initial in flation rate, (ii) is not affected by the output gap, (iii) diminishes under Inflation Targeting regimes, and (iv) diminishes the stronger is the nominal exchange rate anchor after the devaluation

Suggested Citation

  • Pablo Carreras Mayer, 2017. "Devaluaciones reales y aceleraciones inflacionarias [Real devaluations and inflation accelerations]," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 34(68), pages 39-73, january-J.
    • Handle: RePEc:uns:esteco:v:34:y:2017:i:68:p:39-73
    as

    Download full text from publisher

    File URL: http://revistas.uns.edu.ar/ee/article/view/712/390
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    macroeconomía abierta; inflación; tipo de cambio;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uns:esteco:v:34:y:2017:i:68:p:39-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nelly A. José or the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/deunsar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.