This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time … periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to …

of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …

, we show that inflation of poor households in Brazil was at least 11 percentage points higher than of the rich in the … than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when … aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality …

In the last two years the real has undergone a large depreciation and the central bank has missed its inflation target … in 2002 for the second year in a row. Inflation, however, has increased much less than the rate of currency depreciation … and the pickup in inflation in the last quarter of 2002 raises the question of whether the exchange rate passthrough has …

Inflation Targeting for a set of developed and emerging market economies. We use a structural VAR model to estimate the effect … emerging than for developed economies, and that it has decreased after the adoption of Inflation Targeting. We then use several … foreign exchange market intervention after the adoption of Inflation Targeting. As the exchange rate pass-through still …

This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time … periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to …