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Pass Through del Tipo de Cambio en los Precios de Bienes Transables y No Transables en Costa Rica
| Content Provider | Semantic Scholar |
|---|---|
| Author | León, Jorge Laverde, Bernal Duran, Rodolfo Barniol |
| Copyright Year | 2002 |
| Abstract | This paper estimates short run and long run coefficients of exchange rate pass through in to the prices of tradable and non-tradable goods in Costa Rica. The coefficients are estimated by OLS. A VAR analysis is conducted in order to estimate the dynamic process between exchange rate and inflation. Granger causality test and a stability test are conducted too. The short run pass through coefficients are 13% and 10%, for tradable and non-tradable goods respectively and the long run coefficients are 68% and 52% in the same order. There is a second stage pass through of 7% included in the long run coefficient for non-tradable goods. The dynamic analysis shows that the adjustment process of prices as a result of an exchange rate shock takes 17 months for tradable goods and 27 months for non-tradable goods. The Granger causality test shows precedence between variation in the exchange rate and inflation, and between the prices of tradable and non-tradable goods. There is statistical evidence of a structural change in the non-tradable model between the end of 1995 and the beginning of 1996. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://mpra.ub.uni-muenchen.de/44527/1/MPRA_paper_44527.pdf |
| Alternate Webpage(s) | https://repositorioinvestigaciones.bccr.fi.cr/bitstream/handle/20.500.12506/238/125_Pass_through_tipo_cambio_precios_bienes_transables_y_no_transables_Costa_Rica.pdf?isAllowed=y&sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
