The Analysis of Main Macroeconomic Variable’s Shock Effect to CPI

摘要：

Many factors influence CPI, the movement of main macroeconomic variables (Economic growth, employment and foreign exchange reserves) influence CPI a lot. In the paper, we can find the existence of cointegration relationships between main macroeconomic variables and CPI. This means the study of only one macroeconomic variables shock effect to CPI is probable one-sided view. So, this paper uses impulse response and variance decomposition which both based on 4 variables VAR model and studies main macroeconomic variables shock effect to CPI.

关键词： Price Level Cointegration Iimpulse Response Variance Decomposition

作者: CHEN Yu-hai

作者单位: School of Mathematics and Computing Technology,Central South University,Changsha 4100083

会议类型: 国际会议

会议名称: 2009年中国控制与决策会议(2009 Chinese Control and Decision Conference)

会议地点: 广西桂林

会议语种:英文

页码: 4761-4766

在线出版日期: 2009-06-17（万方平台首次上网日期，不代表论文的发表时间）