<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462020000100057</article-id>
<article-id pub-id-type="doi">10.21919/remef.v15i1.403</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efecto Pass-Through en México en condiciones de alta y baja volatilidad]]></article-title>
<article-title xml:lang="en"><![CDATA[Pass-Through Effect in Mexico in Condition of Low and High Volatility]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rodríguez Carranza]]></surname>
<given-names><![CDATA[Jorge Ignacio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Hernández Bielma]]></surname>
<given-names><![CDATA[Leticia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Vásquez Galán]]></surname>
<given-names><![CDATA[Belem Iliana]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,El Colegio de la Frontera Norte  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2020</year>
</pub-date>
<volume>15</volume>
<numero>1</numero>
<fpage>57</fpage>
<lpage>80</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462020000100057&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462020000100057&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462020000100057&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de este trabajo es medir el efecto Pass-Through en condiciones de alta y baja volatilidad cambiaria del peso-dólar sobre los precios de la Cadena Distributiva de Bienes en México. Se estimaron dos vectores autorregresivos con corrección de error y funciones de impulso-respuesta con datos mensuales de 2000 a 2017. Los resultados de las elasticidades de traspaso acumuladas indican qué, el Pass-Through genera un mayor cambio porcentual en los precios del productor, consumidor e importador en condiciones de alta volatilidad. Esto implica que el Banco de México podría instrumentar algunas medidas atenuantes a través de la política monetaria y cambiaria. Falta profundizar en las diferencias en velocidad y magnitud de traspaso a la CDB, lo que implica analizar la influencia de condiciones estructurales. Este trabajo destaca que el impacto en el traspaso del tipo de cambio ha sido substancialmente mayor para los precios al productor, quienes en un segundo orden lo traspasan a los precios del consumidor. Se puede concluir que el grado de volatilidad tiene un papel prominente sobre el nivel de traspaso.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This work aims to measure the Pass-Through Effect (PTE), in conditions of low and high volatility, of the peso-dollar exchange rate on the prices of the distribution channel in Mexico. Using monthly data from 2000 to 2017, two vector error correction equations and impulse response functions were estimated. The results indicate that the accumulated Pass-Through elasticity generates, in conditions of high volatility, a greater percentage change on the prices to the producer, consumer, and importer. The implications are that, through monetary and exchange rate policies, the Bank of Mexico could implement mitigation measures to reduce the PTE. Further analysis is needed on the influence of structural conditions in order to understand the differences in speed and magnitude of the PTE on the distribution channel. The impact on the exchange-rate Pass-Through has been substantially higher on the prices to the producer, who then pass on these costs to the consumers. In conclusion, the degree of volatility significantly affects how currency depreciation impacts prices.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[F31]]></kwd>
<kwd lng="es"><![CDATA[E31]]></kwd>
<kwd lng="es"><![CDATA[E52]]></kwd>
<kwd lng="es"><![CDATA[C32]]></kwd>
<kwd lng="es"><![CDATA[Tipo de cambio]]></kwd>
<kwd lng="es"><![CDATA[Precios]]></kwd>
<kwd lng="es"><![CDATA[Pass-Through]]></kwd>
<kwd lng="es"><![CDATA[Volatilidad]]></kwd>
<kwd lng="en"><![CDATA[F31]]></kwd>
<kwd lng="en"><![CDATA[E31]]></kwd>
<kwd lng="en"><![CDATA[E52]]></kwd>
<kwd lng="en"><![CDATA[C32]]></kwd>
<kwd lng="en"><![CDATA[Exchange rate]]></kwd>
<kwd lng="en"><![CDATA[Prices]]></kwd>
<kwd lng="en"><![CDATA[Pass-Through]]></kwd>
<kwd lng="en"><![CDATA[Volatility]]></kwd>
</kwd-group>
</article-meta>
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