机构地区: 中山大学岭南学院
出 处: 《统计研究》 2009年第3期8-16,共9页
摘 要: 本文基于行为均衡汇率(BEER)理论,运用边限协整检验方法,测算了1997年1月—2007年12月期间人民币内向实际汇率均衡水平和错位程度。实证结果表明:人民币内向实际汇率在大部分时间里错位,不过总体而言错位并不严重。 Based on behavior equilibrium exchange rate(BEER) theory, this paper used bounds test technique to estimate RMB internal equilibrium real exchange rate and misalignment during the period from January 1997 to December 2007. The result shows that there's misalignment of RMB internal real exchange rate in the most sample period, while the misalignment is not very seriously.