统计研究 ›› 1999, Vol. 16 ›› Issue (6): 24-29.

• 论文 • 上一篇    下一篇

中国名义与实际有效汇率的构造及应用研究

魏巍贤   

  • 收稿日期:1900-01-01 修回日期:1900-01-01 出版日期:1999-06-15 发布日期:1999-06-15

Research on Constructing Nominal and Real Effective Exchange Rates for China and Their Application

Wei Weixian   

  • Received:1900-01-01 Revised:1900-01-01 Online:1999-06-15 Published:1999-06-15

关键词: 实际汇率, 有效汇率, 购买力, 平价

Abstract: Based on calculating China’s bilateral nominal effective exchange rate, this paper constructs real and nominal effective exchange rates to produce yearly data over 1969-1996 for China. As an application, the stationary of bilateral real exchange rate are determined to establish the empirical validity of the Purchasing Power Parity (PPP) theory. The result reveals that PPP fails to hold for China.