摘要
在资本不流动、不完全流动和完全流动这三种宏观环境下,货币政策对于利率与汇率传导途径有所不同。本文在介绍资本不流动和完全流动条件下利率和汇率两个典型模型基础上,尝试给出了资本不完全流动条件下利率和汇率模型,并对我国情况进行了实证分析。
This paper two interest rate and exchange rate models. The first is no capital mobility, the other is perfect capital mobility. We present a model of determination of the interest rate and exchange rate which is relevant for a small economy with any degree of capital mobility and test by using the data of China.
出处
《南京财经大学学报》
2005年第1期60-62,共3页
Journal of Nanjing University of Finance and Economics
关键词
资本流动
货币政策
汇率
利率
capital movement
monetary policy
exchange rate
interest rate
