基于价格预期弹性的人民币升值分析

人民币升值是当前经济运行中的热点、重点问题,也是难点问题。由于现有的汇率决定理论对于汇率变动的解释能力十分低下,经不起实证的检验。因此,笔者试从人民币的价格预期弹性分析入手,阐明预期才是人民币升值问题的最深层次矛盾,同时为妥善解决人民币升值问题提供了有益的参考方向。

Analysis of RMB appreciation basing on price expectation elasticity

RMB rcvaluation is the hot and difficult problems in the eurrent economic operation. The existing exchange rate theory is of very low capacity in iuterpreting the exchange rate fluctuations, and it is of inability to empirical testing. Therefore, the author tries to analysis from the expected RMB price elasticity. It is expected to clarify the deepest- seated euntradietions about the issue of RMB revaluation. Meanwhile this provides a useful reference in order to prnperly resolve the problem of RMB appreciation.