Exchange rate pass-through and monetary policy effects on prices of China

摘要：

　　Considering external constraints on monetary policy of China, we propose a vector auto regressive model with exogenous variables (VARX) to examine the exchange rate pass-through and monetary policy to domestic prices before and after the exchange rate reform in the year of 2005.The results shows that the degree of impact response of PPI greater than CPI no matter before or after the reform.The exchange rate pass-through Increases and the monetary policy effect on domestic prices is enhanced after the reform.

关键词： exchange rate pass-through monetary policy VARX

作者: QIN Weiguang AN Hui

作者单位: Faculty of Management and Economics,DaLian University of Technology,P.R.China,116024

会议类型: 国际会议

会议名称: The 7th International Institute of Statistics & Management Engineering Symposium(IISMES2015) (第七届国际统计与管理工程学术研讨会)

会议地点: 山东 日照

会议语种:英文

页码: 456-460

在线出版日期: 2015-08-17（万方平台首次上网日期，不代表论文的发表时间）