汇率传导、人民币升值与通货膨胀的关联度

经济开放度在汇率传导过程中起着重要作用,考虑经济开放度后,汇率调整对国内通货膨胀的影响显著增强。研究表明,进口依存度与汇率传导效应正相关,金融开放度与汇率传导效应负相关。通过构建模型,进行实证分析,结果显示,我国的原材料购进价格指数、生产者价格指数和居民消费价格指数与进口依存度、金融开放度和人民币汇率波动关系密切。在现阶段的宏观经济形势下,人民币合理适度的升值有助于缓解国内的通货膨胀压力,促进我国经济内外部均衡发展。

The Relationship between Inflation and Exchange Rate Conduction,RMB Appreciation

the paper advances the important role of openness on the exchange rate pass-through,as the openness taken into account,the exchange rate adjustment influence on inflation has been significantly enhanced.We propose that the import dependence is positive to the exchange rate pass-through,and financial openness is negative to the exchange rate pass-through.By composing the model,do the empirical analysis,we use maximum likelihood estimation prove that China's raw material purchase price index,producer price in...