摘要
运用行为均衡汇率模型和协整理论，对1990～2006年人民币均衡实际汇率进行了测算，进而估算出了人民币实际汇率错位程度，并将其对我国经济增长的影响进行了实证分析，得出币值低估在一定程度上能促进我国经济增长的结论。
Equilibrium exchange rate is a key concept to manage the exchange rate. Based on the statistics data from 1990 to 2006, this paper uses the behavioral equilibrium exchange rate model and the cointegration theory to calculate the level of the real exchange rate misalignment of RMB as well as investigates the influences of the real exchange rate misalignment of RMB on the economic development in China. It is the conclusion that the undervaluation of RMB can promote the development of economy in our country.
出处
《数学的实践与认识》
CSCD
北大核心
2008年第10期59-64,共6页
Mathematics in Practice and Theory
基金
北京市自然科学基金资助项目(1052007)
关键词
人民币汇率
均衡汇率
汇率错位
exchange rate of RMB
equilibrium exchange rate
exchange rate misalignment
