Large devaluations and inflation inequality: Replicating Cravino and Levchenko (2017) with evidence from Brazil
复制Cravino和Levchenko的方法，用巴西数据发现2002年大幅贬值后，贫困家庭通胀比富裕家庭高至少11个百分点，圣保罗市估算为8到11个百分点。
Summary In the aftermath of large devaluations, prices of tradable goods/lower‐priced varieties increase significantly more than the prices of nontradables/higher‐priced varieties. These relative price changes may lead to inflation inequality when household consumption baskets are different across the distribution of income. Using Cravino and Levchenko's (2017, https://doi.org/10.1257/aer.20151551 ) methodology, we show that inflation of poor households in Brazil was at least 11 percentage points higher than that of the rich in the aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality ranging from 8 to 11 percentage points in the city.