Albuquerque, Christiane R.; Portugal, Marcelo S. - Econometric Society - 2004
The aim of the present paper is to analyze the pass-through from exchange rate to inflation in Brazil from 1980 to 2002 … a price-taker; (ii) costs are a function of the exchange rate; (iii) the degree of openness is included in the demand … the inflationary environment and the exchange rate regime perceived by the agents affect the degree of pass-through. We …