| 人民币汇率变动影响中国CPI的实证分析 |
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| 引用本文： | 鞠守勇,周楠.人民币汇率变动影响中国CPI的实证分析[J].经济与管理,2009,23(4):67-70. |
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| 作者姓名： | 鞠守勇 周楠 |
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| 作者单位： | 1. 河北经贸大学,经济研究所,河北,石家庄,050061
2. 河北经贸大学,金融学院,河北,石家庄,050061 |
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| 摘 要： | 在开放经济条件下,汇率变动对一国通货膨胀水平的决定具有重要作用.人民币名义有效汇率变动对消费者价格指数(CPI)具有传递效应.从长期而言,名义有效汇率与消费者价格指数(CPI)是协整的,且汇率的上升会导致CPI的下降;短期而言,名义有效汇率变动对CPI的冲击具有滞后效应.通过调节人民币名义有效汇率对解决中国的外部失衡有一定的作用,因此货币政策制定者应当积极关注汇率变动等外部冲击.
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| 关 键 词： | 名义有效汇率 消费者价格指数 误差修正模型 脉冲响应函数 |
Empirical Analysis on the Effect of RMB Exchange Rate to China's CPI |
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| Ju Shouyong,Zhou Nan.Empirical Analysis on the Effect of RMB Exchange Rate to China''s CPI[J].Economy and Management,2009,23(4):67-70. |
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| Authors: | Ju Shouyong Zhou Nan |
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| Institution: | 1.Economics Research Academy;Hebei University of Economics and Business;Shijiazhuang 050061;China;2.Financing School;Hebei University of Economics & Business;China |
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| Abstract: | Under opening economy,exchange rate change has important impact on domestic inflation.The change of RMB nominal effective exchange rate will transmit effect to the CPI.There are co-integration between nominal effective exchange rate and the CPI.The appreciation of exchange rate will make the CPI downward in the long run.Meanwhile,the fluctuation of exchange rate in the short term has lag effort on domestic price.Regulating the nominal effective exchange rate can play some role in resolving China's external ... |
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| Keywords: | nominal effective exchange rate consumer price index error correction model IRF |
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