Series: IMF Working Papers
Author(s): Agnes Belaisch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2003
Keywords: pass-through, exchange rate, VAR, exchange rate shock, price inflation, currency depreciation, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,
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...