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日元汇率波动影响批发物价的实证分析
A Positivist Analysis of the Impact of the Yen’s Exchange Rate Fluctuation on Wholesale Prices
【摘要】 进入浮动汇率以来,日元汇率波动对日本批发物价带来了怎样的影响是一个值得研究的问题。实证分析结果表明,1971~2003年,日元汇率对总体国内批发物价的影响显著,但对各行业批发物价的影响不同;美国出口价格、石油价格对日本国内批发物价的影响显著;日本的货币供应是影响日本批发物价的重要因素,但日本名义GDP对日本批发物价的影响不明显。
【Abstract】 The impact of the fluctuation of the yen’s exchange rate on the wholesale prices of Japan since the application of the floating exchange rate has become an issue that is worth studying.The positivist study conducted in this paper shows that,during 1971 through 2003,the exchange rate of the yen notably affected the overall domestic wholesale prices while striking various industries in a different way;much affected by the prices of America’s export and petroleum,the wholesale prices of Japan is also heavily affected by Japan’s supply of currency,while the nominal GDP of Japan has little affected Japan’s wholesale prices.
【Key words】 exchange rate fluctuation; wholesale prices; US export prices; gasoline price; price pass-through effect;
- 【文献出处】 现代日本经济 ,Contemporary Economy of Japan , 编辑部邮箱 ,2006年05期
- 【分类号】F833.13;F733.13
- 【被引频次】9
- 【下载频次】215