Monetary regimes and labour institutions: an alternative interpretation of the downward trend in exchange-rate passthrough in peripheral countries

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cepal.articleNo1
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2019/11-P
cepal.docTypeRevistas
cepal.jelCodeE02
cepal.jelCodeE31
cepal.jelCodeE58
cepal.jelCodeJ50
cepal.jobNumberRVI128_Cherkasky
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg8
cepal.sdg10
cepal.topicEngEMPLOYMENT
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngLABOUR POLICY
cepal.topicEngMACROECONOMICS
cepal.topicEngPRICES
cepal.topicSpaEMPLEO
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaPOLÍTICA LABORAL
cepal.topicSpaPRECIOS
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCherkasky, Martín
dc.contributor.authorAbeles, Martín
dc.coverage.temporalEnd2016
dc.coverage.temporalStart1994
dc.date.accessioned2019-12-04T13:24:41Z
dc.date.available2019-12-04T13:24:41Z
dc.date.issued2019-08-26
dc.description.abstractIn recent years, several empirical studies have documented the decline in exchange-rate pass-through in peripheral countries. Conventional wisdom has interpreted this trend —verified in the last two decades— as the result of greater central bank credibility stemming from the implementation of formal inflation-targeting regimes. This paper offers an alternative interpretation, in line with the structuralist tradition, as it examines other instrumental transformations, concurrent with the establishment of inflationtargeting regimes, including ubiquitous labour market flexibilization. Empirical estimates for a set of peripheral countries for the period 1994–2016 show a marked correlation between the intensity of the exchange-rate pass-through and the weakening of labour market institutions.
dc.formatTexto
dc.format.extentpáginas. 7-3
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2019/11-P
dc.identifier.urihttps://hdl.handle.net/11362/44977
dc.language.isoeng
dc.physicalDescriptionp. 7-34; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo128
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordRégimen monetario e instituciones laborales: una interpretación alternativa de la tendencia a la disminución del traspaso del tipo de cambio (pass-through) en los países periféricos
dc.relation.translationUrihttps://hdl.handle.net/11362/44735
dc.rights.coarDisponible
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngLABOUR MARKET
dc.subject.unbisEngDEVELOPING COUNTRIES
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaMERCADO DE TRABAJO
dc.subject.unbisSpaPAISES EN DESARROLLO
dc.titleMonetary regimes and labour institutions: an alternative interpretation of the downward trend in exchange-rate passthrough in peripheral countries
dc.type.coarrevista
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