汇率不完全传递的微观影响因素:文献综述

Microcosmic Influencing Factors of Incomplete Exchange Rate Pass-through:Literature Review

关于汇率传递的研究从1940年左右开始。从微观的角度看,汇率传递的研究本质上就是讨论面对汇率变动时企业是怎样处理价格问题的,这将影响国内物价水平的变动程度。汇率变动对物价水平的传递程度,最终将关系国际收支调节的有效程度,同时也密切影响该国拟定的货币政策。总而言之,研究微观层面的汇率传递对目前企业乃至国家都有重大价值和意义。

The study on exchange rate pass-through began in the 1940s. From the micro level, the study of exchange rate pass-through, in essence, is to explore How firms pricing when exchange rate changes. How micro-level firms in the face of changes in exchange rate pricing, will eventually be related to the exchange rate changes on a country＇s import price and then on the level of domestic prices, and exchange rate pass-through of price will eventually affect the effectiveness of the balance of payments adjustment, but also affect the country＇s monetary pol- icy .so the micro-level exchange rate pass-through has a very important research value.