• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>BioTechnology: An Indian Journal >Effect of external shocks on domestic prices based on monetary theory.
【24h】

Effect of external shocks on domestic prices based on monetary theory.

机译：基于货币理论的外部冲击对国内价格的影响。

获取原文
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

China's foreign exchange reserve scale began to growth rapidly in resent years. At the same time, the fast growth of foreign exchange reserve also has brought some negative influences as inflation. In this paper, we use VAR model to analyze how China's excessive foreign exchange reserves effect on monetary policy. From the result, we find that the foreign exchange reserves will lead the price level sustained growth in the later several months. While once inflation happened, it will push prices continually rise, so it is much more difficult to control the inflation after it begin, so that China government should pay more attention to foreign exchange system reform, enlarge open market operations, and use sterilization or other policy instruments to reduce China's huge foreign exchange reserves.
机译：近年来，中国的外汇储备规模开始迅速增长。同时，外汇储备的快速增长也给通货膨胀带来了一些负面影响。在本文中，我们使用VAR模型来分析中国过多的外汇储备对货币政策的影响。从结果可以发现，外汇储备将在接下来的几个月中带动价格水平的持续增长。一旦发生通货膨胀，将推动价格不断上涨，因此通货膨胀开始后要控制它就更加困难了，因此中国政府应更加重视外汇体制改革，扩大公开市场操作，并使用对冲或其他方式。减少中国庞大外汇储备的政策手段。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号