摘要
文章在李嘉图理论模型的框架下讨论了两国企业的最优定价策略,在此基础上分析了汇率传递效应。研究表明,汇率传递效应具有某种突变性,其突变的边界条件依赖于两国市场需求特征、贸易摩擦与两国企业的边际成本。
Based on Richard theory, the paper studies enterprises' optireal pricing strategy of two countries and analyzes exchange rate passthrough effect. The results find that exchange rate pass-through effect should possess mutagenicity, and the boundary conditions of generating mutation rely on market features, trade friction and marginal cost of enterprises in the two countries.
出处
《财经研究》
CSSCI
北大核心
2008年第11期134-143,共10页
Journal of Finance and Economics
基金
教育部重大攻关项目"人民币均衡汇率问题研究"(05JZD00012)
中国博士后基金(20070410157)资助
关键词
汇率传递
伯特兰竞争
边际成本
exchange rate pass-through
Bertrand competition
mar- ginal cost