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Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach

Hernán
Rincón-Castro
Norberto
Rodríguez-Niño
Martes, 1 Marzo 2016

Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and households. This is an apparently easy and intuitive task, but it faces high complexity and uncertainty. This paper examines the nature of th