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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 continuous improvement of China’s opening up to the outside world, the level of domestic and international economic ties has deepened and deepened day by day. As a parity between a country’s currency and a foreign currency, the exchange rate measures the international purchasing power and the competitiveness of domestic currency in the international market and also the economic strength of a country The performance of the exchange rate fluctuations will form the relevant price impact. Based on this, we use the vector error correction model and the meta-method to examine the effect of RMB nominal effective exchange rate on the import price and the domestic price. The results show that in the long run and in the short run, the nominal effective exchange rate of Renminbi is not perfect for the import price and domestic price. Compared with the short-term, the impact response of the domestic price to the exchange rate in the long run is significant and increase. At the same time, it also verifies that trade liberalization has a positive impact on the exchange rate.