汇率不完全传递的原因分析——新开放宏观经济学的解释
发布时间：2019-07-22 11:44
【摘要】：新开放宏观经济学深厚的微观基础使得它对汇率不完全传递的原因更富有解释力。影响汇率传递程度的原因,从企业定价的微观层面来看,主要有因市定价、产品的价格需求弹性、国内产品对进口品的替代程度等因素;从宏观视角来看,可能的原因有经济开放度、汇率波动性和通货膨胀环境等。国内生产成本和配送成本、资本市场的不完全和国内偏好都可以解释汇率传递沿着定价链条的下降。近二十年来的汇率传递下降也可以从通货膨胀环境、汇率波动性及各国进口产品构成结构的变化来解释。
[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.
【作者单位】： 中央财经大学金融学院;
【分类号】：F832.6
本文编号：2517603
[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.
【作者单位】： 中央财经大学金融学院;
【分类号】：F832.6
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1 刘钰;汇率不完全传递及其实证分析[D];华中师范大学;2008年
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