-income relative to high-income households. We quantify these effects following the 1994 Mexican devaluation and show that they can … have large distributional consequences. Two years post-devaluation, the cost of living for the bottom income decile rose 1 …

the relative prices of lower-priced varieties following a devaluation will affect the cost of the consumption basket of … Mexican peso devaluation and show that their distributional consequences can be large. In the two years that follow the … devaluation, the cost of the consumption basket of those in the bottom decile of the income distribution rose between 1.46 and 1 …

-income relative to high-income households. We quantify these effects following the 1994 Mexican devaluation and show that they can … have large distributional consequences. Two years post-devaluation, the cost of living for the bottom income decile rose 1 …