汇率对价格传递效应的再检验  

The Re-examination of The Effect of Exchange Rate Passthrough on Prices

作　　者：朱国艳[1] 

机构地区：[1]天津财经大学统计系

出　　处：《价格理论与实践》2017年第3期135-138,共4页Price:Theory & Practice

摘　　要：伴随着我国对外开放程度的不断提升,国内外经济联系程度日益加深和密切,汇率作为一国货币与外币的比价,衡量了国际购买力和本国货币在国际市场上的竞争力,也是一国经济实力的体现,而汇率的波动将形成对相关价格影响。基于此,本文采用向量误差修正模型和meta方法考察人民币名义有效汇率对进口价格以及国内价格的传递效应。研究结果显示:在长期和短期中,人民币名义有效汇率对进口价格以及国内价格的传递均是不完全的。与短期相比,长期内国内价格对汇率的冲击响应是显著的和增大的。同时也验证了贸易开放对汇率传递具有正向影响。with the opening up of China, the level of economic ties of domestic and foreign in- creasingly deepen and close, exchange rate as a parity of currency and foreign currency, not only measures the international purchasing power and its competitiveness in the international market, but also reflects a country＇s economic strength, the fluctuation of exchange rate will be effected on prices. Based on this, this paper uses vector error correction model and meta method to examine the effect of RMB nominal effective exchange rate on import price and domestic price. The results show that： The passthrough of exchange rate on import price and domestic price are not complete in the long and short term. Compared with the short term, the impact of the exchange rate on domestic prices in the long term is significant and increasing, it also proves that trade openness has a positive impact on the exchange rate passthrough.

关 键 词：人民币名义有效汇率 汇率传递 进口价格 CPI 

分 类 号：F726[经济管理—产业经济] F832.6