RT Journal Article
T1 BRICS: How Important is the Exchange Rate Pass-Through?
A1 Jiménez Rodríguez, Rebeca
A1 Morales-Zumaquero, María Amalia
K1 Tipos de cambio
K1 Precios
K1 Macroeconomía
AB This paper analyses the exchange rate pass-through (ERPT) into domestic consumer prices in BRICS (Brazil, Russia, India, China and South Africa) countries from mid-1990s onwards by using three different econometric approaches (i.e., the single equation approach, the VAR approach and the time-varying parameter approach). It is also studied the role of macroeconomic determinants in ERPT. Our results suggest that (a) ERPT is higher for the emerging markets with mostly floating exchange rates (Brazil, Russia and South Africa) than for the other BRICS countries; (b) exchange rate explains, on average, around the 40% of the price variance for Brazil, Russia and South Africa; and (c) inflation volatility, exchange rate volatility and openness seem to be the key macroeconomic determinants in BRICS countries.
PB Wiley
SN 0378-5920
YR 2020
FD 2020
LK https://hdl.handle.net/10630/45922
UL https://hdl.handle.net/10630/45922
LA eng
NO Jiménez-Rodríguez R, Morales-Zumaquero A. BRICS: How important is the exchange rate pass-through? World Econ. 2020; 43: 781–793.
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 19 mar 2026