摘要
内地和香港的货币和汇率制度均有一定的特殊性,将一般文献中的对最优货币区进行对称性检验的向量自回归(VAR)方法直接套用会有一定的问题,本文在对最优货币区理论分析的基础上,用产出、价格和利率构造VAR模型对中国内地和香港的名义经济指标和经济冲击相关性进行了实证研究。
The monetary institutions and exchange rate mechanism of China mainland and Hong Kong all have
somewhat specificity, so the OCA empirical study with usual three - variables VAR model is not proper. This paper
proposes a VAR model with three variables--GDP, price and interest. With this model, we analyzed the degree of
shock asymmetry between China mainland and Hong Kong.
出处
《首都经济贸易大学学报》
2004年第6期54-57,共4页
Journal of Capital University of Economics and Business
