人民币汇率变动的价格传递效应——基于协整与误差修正模型的实证研究被引量：186

The Transfer Effect of Changes in RMB Exchange Rates:An Empirical Research Based on the Co-integration and Error Correction Models

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摘要文章使用协整与误差修正模型研究中国的汇率变动对进口价格的传递效应。研究结果表明人民币汇率变动对国内消费者价格的传递是不完全的,而且传递过程存在时滞。进口价格对人民币汇率变动的弹性远高于消费者价格对汇率变动的弹性。 The Exchange rate is one of the key instrumental variables in an open economy. This paper explores the transfer effect of changes in RMB exchange rate on the prices of the import through the co-integration and error correction models. Findings indicate that the transfer effect of changes in RMB exchange rates on domestic CPI is incomplete and time-lagged. Furthermore, the elasticity of import prices to exchange rates is quite higher than that of CPL.

作者毕玉江朱钟棣

机构地区上海财经大学国际工商管理学院上海对外贸易学院国际经贸学院

出处《财经研究》 CSSCI 北大核心 2006年第7期53-62,共10页 Journal of Finance and Economics

关键词汇率传递进口价格实证研究 exchange rate transfer import prices empirical research

分类号 F810 [经济管理—财政学]

作者简介毕玉江（1974-），男，新疆奎屯人，上海财经大学国际工商管理学院博士生；朱钟棣（1941-），男，上海人，上海对外贸易学院国际经贸学院教授，博士生导师。

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