【摘要】：新開放宏觀經(jīng)濟(jì)學(xué)深厚的微觀基礎(chǔ)使得它對(duì)匯率不完全傳遞的原因更富有解釋力。影響匯率傳遞程度的原因,從企業(yè)定價(jià)的微觀層面來看,主要有因市定價(jià)、產(chǎn)品的價(jià)格需求彈性、國(guó)內(nèi)產(chǎn)品對(duì)進(jìn)口品的替代程度等因素;從宏觀視角來看,可能的原因有經(jīng)濟(jì)開放度、匯率波動(dòng)性和通貨膨脹環(huán)境等。國(guó)內(nèi)生產(chǎn)成本和配送成本、資本市場(chǎng)的不完全和國(guó)內(nèi)偏好都可以解釋匯率傳遞沿著定價(jià)鏈條的下降。近二十年來的匯率傳遞下降也可以從通貨膨脹環(huán)境、匯率波動(dòng)性及各國(guó)進(jìn)口產(chǎn)品構(gòu)成結(jié)構(gòu)的變化來解釋。
[Abstract]:The deep micro-foundation of the new open macro-economics makes it more explanatory of the reason why the exchange rate is not fully transferred. The reason for influencing the degree of exchange rate is from the micro-level of the enterprise's pricing, mainly due to the price of the city, the elasticity of the price of the product, the degree of substitution of the domestic product on the imported goods, etc., from the macroscopic view point of view, the possible cause has the economic opening degree, The exchange rate volatility and the inflation environment, among other things. The incomplete and domestic preference of the domestic production cost and the distribution cost and the capital market can explain the decline of the exchange rate along the pricing chain. The decline in exchange rate in the past two decades can also be explained from the changes in the inflation environment, the volatility of the exchange rate, and the composition of the imported products.
【作者單位】： 中央財(cái)經(jīng)大學(xué)金融學(xué)院;
【分類號(hào)】：F832.6

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1 劉鈺;匯率不完全傳遞及其實(shí)證分析[D];華中師范大學(xué);2008年

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