产品市场开放度对实际汇率动态调整的影响 |
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引用本文: | 赵雪芳,;贺战兵.产品市场开放度对实际汇率动态调整的影响[J].经济数学,2009(4). |
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作者姓名: | 赵雪芳 ;贺战兵 |
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作者单位: | [1]武汉生物工程学院计算机与信息工程系; [2]吐鲁番广播电视大学 |
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基金项目: | 湖南省科技厅计划资助项目(2009ZK3110) |
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摘 要: | 在粘性价格下,用Calor型粘性价格的粘性度作为产品市场开放度的衡量指标,建立了一个更易分析的两国家四部门的实际汇率的粘性价格理性预期模型,并分析模型的解,结果表明,当受到来自货币市场或政府财政政策的外生冲击时,产品市场的开放度越大,因外生冲击而引起的实际汇率的波动就越小,波动持续的时间也越短;反之,则实际汇率波动越大,波动持续的时间也越长.而且这个开放度还是实际汇率的一阶自相关系数.
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关 键 词: | 产品市场开放度 实际汇率 动态理性预期模型 |
THE INFLUENCE OF THE PRODUCT-MARKET OPENNESS ON THE DYNAMIC ADJUSTMENT TO THE REAL EXCHANGE RATE |
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Institution: | ZHAO Xue-fang1; HE Zhan-bing2(1.WUhan Bioengineering Institute; Wuhan; Hubei 430415; China; 2.Turpan Radio and Television University; Turpan; Xinjiang 838000; China); |
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Abstract: | This paper set up a dynamic rational-expectation model of exchange rate of two countries four sectors under sticky-price,using the stickiness of Calor sticky-price as the measurement of the product-market openness,which is much easier to analyze.After discussion and analysis on the model,we obtained the following conclusion:the product-market openness will affect the magnitude and the enduring period of the fluctuations of the real exchange rate,in response to exogenous shocks from currency-market and finan... |
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Keywords: | product-market openness real exchange rate dynamic rational-expectation model |
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