TY - BOOK ID - 84541774 TI - Exchange Rate Pass-Through in Brazil PY - 2003 SN - 1462368050 1452745161 1282110802 9786613803689 1451901380 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign Exchange KW - Inflation KW - Investments: General KW - Macroeconomics KW - Price Level KW - Deflation KW - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation KW - Economywide Country Studies: Latin America KW - Caribbean KW - Investment KW - Capital KW - Intangible Capital KW - Capacity KW - Currency KW - Foreign exchange KW - Exchange rates KW - Depreciation KW - Consumer prices KW - Exchange rate adjustments KW - Prices KW - National accounts KW - Saving and investment KW - Brazil UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541774 AB - In the last two years the real has undergone a large depreciation and the central bank has missed its inflation target in 2002 for the second year in a row. Inflation, however, has increased much less than the rate of currency depreciation and the pickup in inflation in the last quarter of 2002 raises the question of whether the exchange rate passthrough has finally risen. This paper argues that the passthrough in Brazil has fallen compared with estimates in other studies on earlier time periods, and remains low when compared with the passthrough in other Latin American countries. Indeed the passthrough is more comparable with that of G-7 countries—although in Brazil the effect on prices appears to be faster. ER -