Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach
Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and households. This is an apparently easy and intuitive task, but it faces high complexity and uncertainty. This paper examines the nature of th
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oai:RI-BanRep:20.500.12134-62412019-04-16T16:29:44Z Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach Rincón-Castro, Hernán Rodríguez-Niño, Norberto C52 - Model Evaluation, Validation, and Selection F31 - Foreign Exchange E31 - Price Level; Inflation; Deflation E52 - Monetary Policy C51 - Model Construction and Estimation Exchange rate pass-through Pricing along the distribution chain Endogeneity Nonlinearity Asymmetry Logistic smooth transition VAR (LST-VAR) Bayesian approach Inflación Política monetaria Tipos de cambio Incertidumbre (Economía) C51 - Construcción de modelos y estimación C52 - Evaluación, contraste y selección de modelos E52 - Política monetaria F31 - Tipos de cambio E31 - Nivel de precios; Inflación; Deflación Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and households. This is an apparently easy and intuitive task, but it faces high complexity and uncertainty. This paper examines the nature of th 2016-03-02 2016-03-02 Working Paper Documentos de trabajo Published Version http://repositorio.banrep.gov.co/handle/20.500.12134/6241 http://hdl.handle.net/20.500.12134/6241 spa Documentos de Trabajo Borradores de Economía Borradores de Economía; No. 930 https://ideas.repec.org/p/bdr/borrec/930.html Open Access https://creativecommons.org/licenses/by-nc-sa/4.0/ Acceso abierto Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva. PDF application/pdf image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg Bogotá Banco de la República |
institution |
Repositorio Institucional del Banco de la República de Colombia |
collection |
DSpace |
language |
Español (Spanish) |
topic |
C52 - Model Evaluation, Validation, and Selection F31 - Foreign Exchange E31 - Price Level; Inflation; Deflation E52 - Monetary Policy C51 - Model Construction and Estimation Exchange rate pass-through Pricing along the distribution chain Endogeneity Nonlinearity Asymmetry Logistic smooth transition VAR (LST-VAR) Bayesian approach Inflación Política monetaria Tipos de cambio Incertidumbre (Economía) C51 - Construcción de modelos y estimación C52 - Evaluación, contraste y selección de modelos E52 - Política monetaria F31 - Tipos de cambio E31 - Nivel de precios; Inflación; Deflación |
spellingShingle |
C52 - Model Evaluation, Validation, and Selection F31 - Foreign Exchange E31 - Price Level; Inflation; Deflation E52 - Monetary Policy C51 - Model Construction and Estimation Exchange rate pass-through Pricing along the distribution chain Endogeneity Nonlinearity Asymmetry Logistic smooth transition VAR (LST-VAR) Bayesian approach Inflación Política monetaria Tipos de cambio Incertidumbre (Economía) C51 - Construcción de modelos y estimación C52 - Evaluación, contraste y selección de modelos E52 - Política monetaria F31 - Tipos de cambio E31 - Nivel de precios; Inflación; Deflación Rincón-Castro, Hernán Rodríguez-Niño, Norberto Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach |
description |
Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and households. This is an apparently easy and intuitive task, but it faces high complexity and uncertainty. This paper examines the nature of th |
format |
Documento de trabajo (Working Paper) |
author |
Rincón-Castro, Hernán Rodríguez-Niño, Norberto |
author_facet |
Rincón-Castro, Hernán Rodríguez-Niño, Norberto |
author_sort |
Rincón-Castro, Hernán |
title |
Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach |
title_short |
Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach |
title_full |
Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach |
title_fullStr |
Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach |
title_full_unstemmed |
Nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition VAR approach |
title_sort |
nonlinear pass-through of exchange rate shocks on inflation : a bayesian smooth transition var approach |
publisher |
Banco de la República |
publishDate |
2016 |
url |
http://repositorio.banrep.gov.co/handle/20.500.12134/6241 |
_version_ |
1637301640381857792 |
score |
12,131701 |