硕士论文
山东大学博士学位论文
pass—throughmechanismandeffectsofRMBexchangeratesondifferentpriceindicesandtheirdeterminants.So,thispartintroducestheconceptsandmechanismsofexchangeratepassthroughandtheoriesonincompleteexchangeratepassthrough.Afterpointingouttheshortagesanddisadvantagesindomesticrelevantresearch,thispaperproposestheinnovationsinthisarticle.
Chaptertwoisasummationonrelevantresearch.ResearchinterestsinexchangeratepassthroughoriginatedfromtheexplanationfortheinvalidityofPPPtheoryin1960sand1970s.From1980sthedirectionofresearchonexchangeratepassthroughturnedtoindustrialorganization,marketsegmentationandproductdifferentiation.In1990smanyindustrialcountriesexperiencedgreatdepreciationsofcurrencies,howevertheireconomicperformancesshowedthattheexchangeratepassthroughWasindecline.Thisphenomenonpromotedtheeconomiststostudythestabilityofexchangeratepassthroughandthereasonsforthewideandpersistentdeclineintheexchangeratepassthroughinthesecountries.Recentresearchfocusedontherelationshipbetweenexchangeratepassthroughandthevalidityofmacroeconomicpolicies,andrelatedtheexchangemkpassthroughtothechoiceofoptimalmonetarypolicyandexchangerateregime.Agreatamountofempiricalresearchonexchangeratepassthroughsuggestedthepassthroughofexchangeratestobothimportpriceandothergeneralpriceswe旭incomplete,howeverthepassthrougheffecttoimportpriceWaslargerthanthattoothergeneralpriceindices.Economiststriedtoexplaintheseconclusionsfrommicroandmacroaspects.Finanllythischapermadeaco衄entondomesfcrelevantresearchandpointedouttheresearchfocusandinnovationsinthisarticle.
ChapterthreepresentstheoreticalandempiricalresearchonRMBexchangeratepassthroughtoimportprices.nispartfirstanalyzestheeffectofchangeinRMBexchangerateondometicimportpricesbyvirtureofgraphicalanalysisandmathematicaldeduction.Theneconometricmodelsareemployedtofurtherstudythepass—througheffectofRMBexchangeratetothegeneralimportpriceindexandsub-groupimportpricesbyusingrelevantquarterlydatafromJanuary2000toMarch2007.Theempiricaltestsrevealthatthepass—througheffectsofRMBnominaleffectiveexchangeratetothegeneralimportpricearelargerthanonebothinshorttermandinlongterm,whichindicatesthattheexportsabroadoverreacttothefluctuationsinRMBexchangerates.Thereactionsofsub—groupimportindicestoexchangerateflucmatiomhavesignificantdifferences.neimportpricesoffood,S