市场结构与实际汇率——理论模型和对人民币/美元实际汇率的经验分析
财经研究 2008 年 第 34 卷第 12 期, 页码:18 - 29
摘要
参考文献
摘要
文章在一个存在垄断竞争的两国动态一般均衡模型中分析市场结构变化对实际汇率长期趋势的影响,结论认为,本国可贸易品和不可贸易品市场垄断程度上升会导致本币实际升值,而外国可贸易品和不可贸易品市场垄断程度上升会导致本币实际贬值。对人民币/美元实际汇率和中美两国市场垄断程度关系的实证分析基本验证了模型的结论。文章建议,可以通过拆分重组、发展民营企业、引进外资企业等方式引入竞争、降低垄断程度,从而缓解部分人民币升值压力。
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[3]Balassa,Bela.The purchasing power doctrine:A reappraisal[J].Journal of Political E-conomy,1964,72:584-596.
[4]Benigno Gianluca Christoph Thoenissen.Equilibrium exchange rates and supply-sideperformance[J].The Economic Journal,2003,113:C103-C124.
[5]Cheung Yin-Wong,Menzie.Chinn,Eiji Fujii.Market structure and the persistence ofsectoral real exchange rates[R].Department of Economics University of California SantaCruz Working Paper,1999.
[6]Devereux Michael B,Engel Engel.The optimal choice of exchange-rate regime:Price-set-ting rules and internationalized production[R].Paper Prepared for the Festschrift inhonor of Robert Lipsey,Hosted by the National Bureau of Economic Research and theFederal Reserve Bank of New York,2000.
[7]Dornbusch R.Purchasing power parity[A].J Eatwell,M Migare,P Newman,eds.Thenew palgrave dictionary[C].Stockton Press,New York,1987.
[8]Faruqee H.Pricing to market and the real exchange rate[R].IMF Staff Papers 1995:42,855-881.
[9]Feenstra R,J Kendall.Pass-through of exchange rates and purchasing power parity[R].NBER Working Paper,1994,No.4842.
[10]Knetter M.Price discrimination by U.S.and German exporters[J].American Econom-ic Review,1989,79:198-210.
[11]Krugman P.Pricing to market when the exchange rate changes[A].S Arndt,J D Rich-ardson,eds.Real-financial linkages among open economies[C].MIT Press,Cambridge,MA,1987.
[12]Samuelson Paul A.Theoretical notes on trade problems[J].Review of Economics andStatistics,1964,46:145-154.
引用本文
鄂永健. 市场结构与实际汇率——理论模型和对人民币/美元实际汇率的经验分析[J]. 财经研究, 2008, 34(12): 18–29.
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