作　　者： ;

机构地区： 广东白云学院经济系

出　　处： 《广东白云学院学刊》 2005年第1期35-38,共4页

摘　　要： 为探讨欧元汇率波动与购买力平价，利率平价的关系，本文建立了购买力平价及利率平价的误差修正模型．得出欧元汇率的购买力平价及利率平价关系难以成立的结论，而综合起来看，误差修正模型显著成立。结果表明：欧元汇率变动主要决定于欧元与美国的相对物价水平差异，利差对汇率变动有一点影响，但不是很显著。 An empirical approach was used in this paper to test the relationship between Ettro - USD exchange rate and the purchasing power parity. And the interest rate party was also tested with the empirical approach. After analyzing the PPP and the IRP, and the Error Correction Model, the author found that, though the single parity test failed, the combination test of parities proved a realistic study method, and Euro＇s exchange rate change mainly depended on the differences of the price level between the Euro Area and the United States. The differential of interest rate has some but not so significant influence on Euro - USD exchange rate.

关 键 词： 平价 协整 误差修正模型

领　　域： [经济管理]