A STR Model Analysis of the Influence of RMB Exchange Rate Fluctuation on Domestic Inflation

摘要：

The study on the effect of RMB exchange rate fluctuation upon domestic inflation, so far,has been confined to linear models. Using a nonlinear model STR and using monthly data more than 20 years, our study empirically shows that the effect is dynamic. Evidences in tiffs paper indicate that RMB exchange rate movement has a moderate effect on domestic price inflation in a significant nonlinear and dissymmetrical way. Furthermore, the effects are quite distinct during the appreciation and during the depreciation of RMB.

关键词： RMB nomlnal effective exchange rate CPI STR model

作者: TANG Lichun CHEN Ying

作者单位: School of Business Administration,South China University of Technology,P.R China 510640;Lingnan Coll School of Business Administration,South.China,University of Technology,P.R.China,510640

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 110-115

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）