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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

邮发代号 80-978

Frontiers of Economics in China  2010, Vol. 5 Issue (3): 356-374   https://doi.org/10.1007/s11459-010-0102-4
  research-article 本期目录
Exchange Rate Pass-Through: The Case of China
Exchange Rate Pass-Through: The Case of China
Jinbin Wang(), Nan Li()
School of Economics, Renmin University of China, Beijing 100872, China
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Abstract

This paper studies the degree of the exchange rate pass-through (ERPT) to import and consumer prices in China with both the ratio of China’s imports to GDP and domestic prices of China’s main trade partners going up. Statistic results show that the degree of ERPT is somehow less than the degree of marginal cost plus mark-up pass-through of exporters, and econometric analyses reach the same conclusion. Besides, the ERPT to import prices is found to be high while the ERPT to CPI is low owing to some factors that obstruct the import prices pass-through channel to domestic CPI. But this situation has been changing significantly since August 2005. Thus, a more flexible exchange rate system is needed for China to absorb the price shock from aboard efficiently.

Key wordsexchange rate pass-through    cost mark-up    CPI
出版日期: 2010-09-05
Corresponding Author(s): Jinbin Wang,Email:wjinbin@ruc.edu.cn; Nan Li,Email:lisouth2003@yahoo.com.cn   
 引用本文:   
. Exchange Rate Pass-Through: The Case of China[J]. Frontiers of Economics in China, 2010, 5(3): 356-374.
Jinbin Wang, Nan Li. Exchange Rate Pass-Through: The Case of China. Front Econ Chin, 2010, 5(3): 356-374.
 链接本文:  
https://academic.hep.com.cn/fec/CN/10.1007/s11459-010-0102-4
https://academic.hep.com.cn/fec/CN/Y2010/V5/I3/356
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