摘要
本文将价格粘性机制引入传统的汇率传递研究框架,运用面板门限模型研究了汇率变动对我国工业品出口价格的传递效应。实证结果表明,汇率变动对出口价格的传递在一般情况下是线性的,但是当外部经济环境恶化时,随着汇率波动幅度不同,汇率传递呈现出明显的门限效应。
By introducing the price stickiness mechanism into traditional exchange rate research framework, the paper used the panel threshold model to analyze the effect of exchange rate pass - through on China＇s industrial exports price. Empirical research results showed that the pass - through effect was linear under normal circumstances, but when the ex- ternal economic environment deteriorated, exchange rate pass - through effect varied with the different exchange rate fluc- tuations, which showed a significant threshold effect.
出处
《商业研究》
CSSCI
北大核心
2014年第1期34-38,共5页
Commercial Research
基金
国家社会科学基金重大项目"十二五"时期宏观经济运行动态监测分析研究
项目编号:10zd&010
辽宁对外经贸学院国际商品交易分析与模拟辽宁省教育厅重点实验室课题
项目编号:2013LBGJSY002
辽宁对外经贸学院创新团队支持计划项目
项目编号:2012XJTD001
辽宁对外经贸学院优秀人才支持计划项目
项目编号:2012XJYQ04
关键词
价格粘性
汇率传递
面板门限模型
price stickiness
exchange rate pass -through
panel threshold model
