Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83748
Authors: 
Cortés Espada, Josué Fernando
Year of Publication: 
2013
Series/Report no.: 
Working Papers, Banco de México 2013-02
Abstract (Translated): 
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the CPI. The results suggest that the exchange rate pass-through to the general price level is low and not statistically significant. However, the pass-through is positive and significant for goods prices. Furthermore, the exchange rate pass-through declined over the 2000's and the depreciation observed in 2011 did not change this trajectory.
Subjects: 
Depreciation
Inflation
Exchange Rate Pass-through
JEL: 
E31
F31
F41
Document Type: 
Working Paper
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