Odria, Maertens; Ricardo, Luís; Castillo, Paul; … - In: Journal of Macroeconomics 34 (2012) 4, pp. 1154-1166
This paper analyzes whether the exchange rate pass-through into prices changed when the inflation targeting scheme was adopted in Peru. First, a simple dynamic stochastic general equilibrium model is simulated, which shows that adopting this scheme induces an increase in exchange rate...