Exchange rte and prices in Brazil : an analysis of the impacts of changes in exchange rate on domestic and export industrial prices during 1995-2005 period / Taxa de cambio e preços no Brasil : analise dos impactos das variações cambiais sobre os preços industriais domesticos e das exportações no periodo 1995-2005

AUTOR(ES)
DATA DE PUBLICAÇÃO

2008

RESUMO

This work analyses the impacts of changes in exchange rates on domestic and export prices in Brazil during the 1995-2005 period. The main theoretical references take into account microeconomic aspects of international trade, like market structure and the role of transnational corporations. The findings suggest that exchange rate pass-through to export prices of less complex goods, like commodities, tends to be higher. Regarding more complex goods, like automobiles and machinery, the results indicate reduced pass-through, notwithstanding the high pass-through to prices of electronics and other vehicles. Concerning domestic prices, the results are quite different: estimates indicate higher exchange rate pass-through to prices of more complex goods. In general, these sectors present expressive consumption of imported intermediate goods, like electronics, chemical industry and pharmaceutical products. To some extent, these results reflect the structure of the Brazilian international trade

ASSUNTO(S)

industrial prices exchange rate industria - preços cambio pass-through

ACESSO AO ARTIGO

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