不完全汇率传递的影响因素:研究与评述  

Analysis of Determinants of Incomplete Exchange Rate Pass-through: Review and Comments

作　　者：王伟[1] 陶士贵[1] 

机构地区：[1]南京师范大学商学院,江苏南京210046

出　　处：《重庆工商大学学报（社会科学版）》2011年第6期48-55,共8页Journal of Chongqing Technology and Business University：Social Science Edition

基　　金：教育部人文社会科学研究规划项目(10YJAGW015)

摘　　要：汇率传递是国际经济学领域的一个热点问题。国外的研究主要从两个视角来分析汇率不完全传递的影响因素:一方面是从不完全竞争的微观视角进行探讨,主要有市场势力、当地货币定价和分销成本;另一方面是从新开放经济宏观经济学的宏观层面进行了相关分析,主要有汇率的波动性、一国经济的开放程度和通货膨胀环境。而国内的研究更多侧重于考察人民币汇率对国内各种物价传递效应的大小,对影响人民币汇率不完全传递的因素进行深入探讨的文献并不多。对此,需要针对我国的实际情况对现有的理论模型进行适当的修正,并结合我国进出口贸易特点等因素进行更为深入的分析和研究。Exchange Rate Pass-through is an important issue in the field of International Economics.Foreign literatures usually investigate the Determinants of Incomplete Exchange Rate Pass-through from two aspects,one is the microscopic perspective of market power,local currency pricing and distribution costs,the other is macro-level views based on New Open Economy Macroeconomics,including exchange rate volatility,openness of a country＇s economy and inflationary environment.However,domestic researches more concern about the degree of the effect of RMB Exchange Rate Pass-through on different domestic prices,and few literatures discuss the influence factors of RMB Incomplete Exchange Rate Pass-through in-depth.As a result,it＇s necessary to modify the existed theoretical models according to the actual situation in China and make deeper analysis and research based on the factors such as the characteristics of China＇s import and export trade and so on.

关 键 词：汇率不完全传递 因市定价 新开放经济宏观经济学 

分 类 号：F830.92[经济管理—金融学]