美元汇率对美国进出口商品价格传递率的实证分析

发布时间：2018-03-29 16:16

本文选题：美元汇率　切入点：进出口商品价格　出处：《世界经济研究》2012年08期

【摘要】：本文实证分析了美元汇率按美国总进出口价格、分段进出口价格、分类商品进出口价格的传递率。实证结果表明,无论美元升值还是贬值,美国的进出口价格指数都会下降,而且美国出口价格的传递率比同期进口价格的传递率要小得多,升值期的传递率也比贬值期的传递率要小;美元升值比贬值对美国经常账户赤字的纠正更有利。因此,建议美国实行美元适度升值的政策,而且要结合其他政策才能改善其巨额经常账户赤字。
[Abstract]:This paper empirically analyzes the transfer rate of the US dollar exchange rate according to the US total import and export price, the segmented import and export price, and the classified commodity import and export price. The empirical results show that whether the US dollar appreciates or depreciates, the US import and export price index will decrease. Moreover, the transmission rate of US export prices is much smaller than that of import prices in the same period, and the transmission rate of appreciation period is also lower than that of depreciation period; the appreciation of the dollar is more beneficial to the correction of the United States current account deficit than the depreciation of the U.S. current account deficit. It is recommended that the United States adopt a policy of modest appreciation of the dollar and that it should combine other policies to improve its large current account deficit.
【作者单位】：中国人民银行杭州中心支行金融研究处;
【分类号】：F837.12;F757.12;F224

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