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Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] EconomiA [ISSN:] 1517-7580 [Volume:] 21 [Issue:] 3 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2020 [Pages:] 377-393
Verlag: 
Elsevier, Amsterdam
Zusammenfassung: 
This paper investigates the existence of asymmetric transmission from industrial costs to prices (IPA/FGV) in Brazil from 1996 to 2014. We construct cost indices based on intermediate consumption of industrial activities from the National Accounts (SCN/IBGE). The paper estimates symmetric and asymmetric SVAR models for 21 industrial activities using a decomposition of industrial costs into positive and negative changes. The results of the pass-through estimates indicate that the magnitude of the cost pass-through is heterogeneous among industrial activities. The estimates and Wald tests on the asymmetrical model coefficients show that most industrial activities exhibit positive asymmetric price transmission, i.e., cost increases have a larger pass-through rate than cost decreases.
Schlagwörter: 
Asymmetric price transmission
Cost pass-through
SVAR
Brazil
JEL: 
E31
D43
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