Exchange rate pass-through in Brazil:
Input-Output Analysis
Abstract
This research aimed to analyze the exchange rate pass-through in Brazil between 1995 and 2015. Using Input-Output Analysis (IOA) was investigated cost-push channel exerted by exchange rate variations. The results suggest that changes in the structure of intermediate consumption may be causing a higher cost pressure in recent years. Comparison with literature results that differ in methodology indicate that there is an inhibition of cost pressure. This corroborates the hypothesis that the environment of low and stable inflation in Brazil must be reducing the firms' pricing power.
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Copyright (c) 2023 Stefany Silva Amaral, Igor Ézio Maciel Silva, Fabrício Pitombo Leite
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