Condiciones de mercado y calidad como determinantes del traspaso del tipo de cambio

This paper estimates the exchange-rate pass-through to prices with data from the used-car market. We use weekly advertisements of car sales appearing in El Comercio newspaper between 2014 and 2016. We find, controlling for invariant features of cars and sellers, that market conditions such as tightness and price levels, modify exchange rate pass-through. Last, we find evidence of pass-through asymmetry conditional also on market tightness and car quality. (Audio: Department of Economic Publications)