美国量化宽松货币政策对中美贸易差额的影响研究

发布时间：2018-03-13 00:28

本文选题：中美贸易差额　切入点：“量化宽松”货币政策　出处：《沈阳理工大学》2012年硕士论文　论文类型：学位论文

【摘要】：中美贸易开始于1979年，在1993年以前中国始终处于逆差地位，从1993年开始，中国对美贸易开始出现顺差，，迄今为止保持了近20年的高速增长。双边贸易差额也由1993年的62.8亿美元增长到2010年的1812.6亿美元。截止2011年8月，中国与美国互为第二大贸易伙伴，中国是美国第三大出口市场和第一大进口来源地。 2008年美国次贷危机演变为世界性金融危机，为应对这次危机引起的衰退，美国连续两次出台了“量化宽松”货币政策。目的之一就是，通过增加美元供给使美元贬值，压迫人民币升值，从而为美国出口创造有利条件。本文的目的在于研究美国量化宽松货币政策对中美贸易差额的实际影响，并给出政策建议。本文共分为三个部分，第一部分是第一章绪论，第二部分是正文第二章到第六章，第三部分是结论部分。第一章绪论部分，介绍了选题背景、研究方法、理论基础及创新点。第二章主要介绍中美贸易差额的形成及原因，及贸易差额对中美两国产生的影响。第三章介绍了美国“量化宽松”货币政策的实施背景、内容及其对美国及世界经济带来的影响。第四章具体分析部分。阐述了“量化宽松”货币政策通过汇率、美国GDP及美国对华FDI这三个中间变量对中美贸易差额产生影响的传导机制。第五章实证部分。对由“量化宽松”货币政策引起的汇率，美国GDP及美国对中国FDI等方面对中国对美进出口额的影响进行实证分析。第六章针对中美贸易的健康发展分别对中国和美国提出了对策建议。论文第三部分是结论，本文通过研究得出，“量化宽松”货币政策与中美贸易差额之间不存在长期稳定关系。因此，美国实行“量化宽松”货币政策无益于改善美国对华逆差现状。
[Abstract]:Sino US trade began in 1979, China has always been in a deficit position before 1993, from the beginning of 1993, China began to appear on American trade surplus, so far has maintained rapid growth in the past 20 years. The bilateral trade balance also increased from $6 billion 280 million in 1993 to $181 billion 260 million in 2010. By the end of August 2011, and the United States are the second largest Chinese trading partners, China is the third largest export market and the largest source of imports.
In 2008 the U.S. subprime mortgage crisis evolved into a global financial crisis, to cope with the crisis caused by the recession, the United States issued two consecutive "quantitative easing" monetary policy. One of the aims is to devalue the dollar, the increase in the supply of dollars, the pressure of RMB appreciation, so as to create favorable conditions for American exports. The purpose of this paper is to study the quantitative the actual effect of loose monetary policy on Sino US trade balance, and gives policy recommendations.
This article is divided into three parts, the first part is the first chapter introduction, the second part is the text second to the sixth, the third part is the conclusion part.
The first chapter introduces the background of the topic, the research method, the theoretical basis and the innovation point.
The second chapter mainly introduces the formation and causes of China US trade balance and the impact of trade balance on China and the United States.
The third chapter introduces the implementation background of the "quantitative easing" monetary policy in the United States, its content and its impact on the United States and the world economy.
The fourth chapter is the specific analysis part. It expounds the transmission mechanism of the quantitative easing monetary policy through the exchange rate, the three intermediate variables of the US GDP and the US FDI to China US trade balance.
The fifth chapter is the empirical part. It makes an empirical analysis of the impact of the quantitative easing monetary policy on the import and export volume of the US GDP and the US FDI to China.
The sixth chapter puts forward some suggestions on China and the United States in view of the healthy development of Sino US trade.
The third part of the paper is the conclusion. In this paper, we find that there is no long term stable relationship between the quantitative easing monetary policy and the Sino US trade balance. Therefore, the US quantitative easing monetary policy is not conducive to improving the US deficit in China.

【学位授予单位】：沈阳理工大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F752.7;F827.12

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