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人民币均衡汇率估计:DOLS方法 被引量:2

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摘要 相对于Engle-Granger两步法与Johansen方法,DOLS方法在小样本、联立性偏误、包容不同单整阶数等方面具有优越性。而拓展的弹性价格货币模型增加了汇率失调计算的理论成分。基于以上两点的实证结果表明,1990-1994年人民币实际汇率被过度低估,1995-2006年第3季度,人民币实际汇率均是被低估的。受协整关系制约,未来人民币低估的幅度会缩小。
作者 张志柏
机构地区 肇庆学院财经系
出处 《统计与决策》 CSSCI 北大核心 2007年第23期146-148,共3页 Statistics & Decision
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