Castro, Juan - Departamento Académico de Economía, Universidad del … - 2004
responses and uncovers some important implications about to role of pass-through effects and contractionary depreciations. By …, this analysis reveals the existence of nonlinearities when we allow for contractionary depreciations. In particular, an … contractionary real depreciations are. These findings may help to understand the empirical results where pass-through effects have …