Álvarez, Roberto; Jaramillo, Patricio; Selaive, Jorge - Banco Central de Chile - 2008
In this paper we estimate the exchange rate pass-through (ERPT) into disaggregated import price data at monthly frequency. We work with import prices both at the border and at the wholesale level, and our results are consistent with the idea of a high ERPT— complete in the long-run—which has...