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Theory of Equilibrium RMB Exchange Rate Based on Dualistic Structure
Author(s): 
Pages: 19-30
Year: Issue:  1
Journal: NANKAI ECONOMIC STUDIES

Keyword:  二元结构均衡汇率汇率政策;
Abstract: 中国具有二元结构特征的菲利浦斯曲线,使人民币汇率政策具有改变供给水平的作用,从而导致了宏观经济均衡曲线具有中国特征.这为人民币均衡汇率的研究提供了新的研究基础.随着中国的二元结构特征的逐渐消除,应更为谨慎地执行低估汇率的政策,否则将导致经济增长向外廷型方向发展.
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