摘要
汇率传递效应不仅影响国内总需求与总供给的均衡,而且还会影响国内货币政策实施的有效性。人民币汇率变动对我国进口价格及其他价格水平的传递程度是决定汇率调节我国贸易收支以及稳定国内物价水平的一个关键因素。本文的目的在于运用协整等方法分析人民币汇率变动对我国出口价格水平的影响,研究结果表明:无论长期内还是短期内,进出口价格对汇率波动的反应都较为敏感,不完全汇率的传递广泛存在于中国的出口企业。
The transmission effect of exchange rate not only affects the balance of domestic aggregate demand and aggregate supply, but also affects the effectiveness of monetary policy implementation. The extent of transmission of RMB exchange rate fluctuation on import price and other price levels is a key factor when exchange rate adjusts China＇s trade balance and achieves stable domestic price level. The article aims to use cointegration method to ana- lyze the impact of RMB exchange rate fluctuation on China＇s export prices. The results show that no matter in the long term or in the short term, the prices of import and export are sensitive to exchange rate fluctuation, and incom- plete transmission of exchange rate is widely available in ChinaJs export enterprises.
出处
《上海金融》
CSSCI
北大核心
2011年第9期86-89,共4页
Shanghai Finance
基金
江西省研究生创新专项资金省教育厅资助项目
项目编号YC10A074
关键词
汇率波动
传递系数
CPI
PPI
Exchange Rate Fluctuation
Transmission Coefficient
CPI
PPI
