<?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>0121-4772</journal-id>
<journal-title><![CDATA[Cuadernos de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. Econ.]]></abbrev-journal-title>
<issn>0121-4772</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0121-47722019000200523</article-id>
<article-id pub-id-type="doi">10.15446/cuad.econ.v38n77.66189</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[EXCHANGE RATE PASS-THROUGH INTO CONSUMER HEALTHCARE PRICES IN COLOMBIA]]></article-title>
<article-title xml:lang="es"><![CDATA[Transferencia del tipo de cambio a los precios de salud de los consumidores en Colombia]]></article-title>
<article-title xml:lang="fr"><![CDATA[L'effet de la transmission du type de change sur le prix des soins médicaux au consommateur en Colombie]]></article-title>
<article-title xml:lang="pt"><![CDATA[Repasse da taxa de câmbio para os preços de saúde do consumidor na Colômbia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Prada]]></surname>
<given-names><![CDATA[Sergio I.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Alonso]]></surname>
<given-names><![CDATA[Julio C.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Fernández]]></surname>
<given-names><![CDATA[Julián]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Icesi  ]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Icesi  ]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad del Valle  ]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2019</year>
</pub-date>
<volume>38</volume>
<numero>77</numero>
<fpage>523</fpage>
<lpage>550</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0121-47722019000200523&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0121-47722019000200523&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0121-47722019000200523&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT The exchange rate pass-through into the consumer price index on healthcare goods and services was measured by estimating a FAVAR model for Colombia. Results provide evidence of an incomplete and heterogeneous effect. There is no indication of transmission to the services or insurance indexes, but there is a significant effect on the medicines and devices indexes that have implications for out-of-pocket expenditure. Therefore, this indicates that the Colombian healthcare system effectively protects consumers from exchange rate volatility, but may need to design policies to protect consumers from price rises in medicines and goods that are not covered by the national benefits package. JEL: I10, I18, E31, E37, F31.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Se mide el efecto transmisión de la tasa de cambio al índice de precios al consumidor de los bienes y servicios de salud haciendo uso de un modelo FAVAR. Los resultados obtenidos proveen evidencia de un efecto incompleto y heterogéneo. No se encuentra un efecto transmisión a los sectores de servicios y seguros, sin embargo, se encuentra dicho efecto en medicinas y bienes, que tienen implicaciones para el gasto de bolsillo. Lo anterior indica que el sistema de salud colombiano protege a los consumidores de la volatilidad de la tasa de cambio, pero necesita políticas orientadas a sectores no cubiertos. JEL: I10, I18, E31, E37, F31.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[RÉSUMÉ On mesure l'effet de la transmission du taux de change à l'indice de prix au consommateur des biens et services de santé en utilisant un modèle FAVAR. Les résultats révèlent un effet incomplet et hétérogène. On ne trouve pas d'effet de transmission aux secteurs de services et d'assurances, cependant on trouve cet effet sur les soins médicaux et les biens avec des implications sur les dépenses personnelles. Ce qui précède montre que le système de santé colombien protège les consommateurs de la volatilité du taux de change, mais requiert des politiques orientées vers des secteurs non couverts. JEL: I10, I18, E31, E37, F31.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO O efeito da transmissão da taxa de câmbio sobre o índice de preços ao consumidor de bens e serviços de saúde é medido usando um modelo FAVAR. Os resultados obtidos fornecem evidências de um efeito incompleto e heterogêneo. Não se encontra nenhum efeito de transmissão para os setores de serviços e de seguros; no entanto, esse efeito é encontrado em medicamentos e bens, que têm implicações para as despesas extras. Isso indica que o sistema de saúde colombiano protege os consumidores da volatilidade da taxa de câmbio, mas precisa de políticas orientadas para os setores não cobertos. JEL: I10, I18, E31, E37, F31.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Healthcare]]></kwd>
<kwd lng="en"><![CDATA[pass-through]]></kwd>
<kwd lng="en"><![CDATA[exchange rate]]></kwd>
<kwd lng="en"><![CDATA[FAVAR]]></kwd>
<kwd lng="en"><![CDATA[inflation]]></kwd>
<kwd lng="es"><![CDATA[salud]]></kwd>
<kwd lng="es"><![CDATA[pass-through]]></kwd>
<kwd lng="es"><![CDATA[tasa de cambio]]></kwd>
<kwd lng="es"><![CDATA[FAVAR]]></kwd>
<kwd lng="es"><![CDATA[inflación]]></kwd>
<kwd lng="fr"><![CDATA[santé]]></kwd>
<kwd lng="fr"><![CDATA[pass-through]]></kwd>
<kwd lng="fr"><![CDATA[taux de change]]></kwd>
<kwd lng="fr"><![CDATA[FAVAR]]></kwd>
<kwd lng="fr"><![CDATA[inflation]]></kwd>
<kwd lng="pt"><![CDATA[saúde]]></kwd>
<kwd lng="pt"><![CDATA[pass-through]]></kwd>
<kwd lng="pt"><![CDATA[taxa de câmbio]]></kwd>
<kwd lng="pt"><![CDATA[FAVAR]]></kwd>
<kwd lng="pt"><![CDATA[inflação]]></kwd>
</kwd-group>
</article-meta>
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