Borensztein, Eduardo; Queijo von Heideken, Virginia - 2016
" to inflation, an effect that is known as exchange rate pass-through (ERPT). In particular, if an exchange rate … depreciation does not result in a lasting change in relative prices, namely a real depreciation, it will not provide the desirable … relatively lower ERPT in the past two decades, the exchange rate continues to be a large determinant of inflation in several …