Lima, Elcyon Caiado Rocha; Martinez, Thiago Sevilhano; … - 2015
This paper investigates the effect of monetary and exchange rate shocks on disaggregated prices of the Brazilian ….9% of the surveyed prices at the sub-items level fell after a monetary shock and 50.7% rose after exchange rate's shock; ii ….5% of the index) for exchange rate shocks; iii) macroeconomic shocks are more persistent than series-specific shocks; iv …