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O grau de exchange rate pass-through na economia brasileira no período pós Real
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Repasse cambial
Comércio internacional
Importações
Exportações

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FERREIRA, Giuliano de Queiroz; MATTOS, Leonardo Bornacki de. O grau de exchange rate pass-through na economia brasileira no período pós Real. Economia e Sociedade, Campinas, SP, v. 30, n. 2, p. 311–350, 2021. Disponível em: https://periodicos.sbu.unicamp.br/ojs/index.php/ecos/article/view/8666453. Acesso em: 20 abr. 2024.

Resumo

O problema de pesquisa desse artigo encontra-se associado à identificação do grau de repasse cambial para os preços das exportações e importações referente à economia brasileira. Estima-se o grau de repasse cambial, entre janeiro de 2000 e junho de 2016, por meio dos modelos ARDL e DOLS para dados em painel. Adicionalmente, utiliza-se o filtro de Kalman na estimação dos repasses cambiais variáveis no tempo. Os resultados empíricos evidenciam a existência de um grau de repasse cambial para os preços das exportações incompleto e inferior ao obtido para as importações (valor médio de 36% e 100%, respectivamente). Nesse contexto, as políticas econômicas que visam elevar as exportações brasileiras, via depreciação cambial, podem não ser o instrumento mais adequado de fomento do crescimento econômico, considerando o baixo grau de competitividade das exportações e o potencial impacto do alto grau de repasse cambial para os preços das
importações sobre o nível geral de preços.

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Referências

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Este trabalho está licenciado sob uma licença Creative Commons Attribution 4.0 International License.

Copyright (c) 2021 Giuliano de Queiroz Ferreira, Leonardo Bornacki de Mattos

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