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- W2580495320 abstract "Starting from ERPT model, the paper decomposes RMB nominal effective exchange rate published in BIS into level and volatility, and analyzes the pass-through effects of RMB nominal effective exchange rate into import price from level and volatility under GARCH model. The conclusions are that, the pass-through effect of RMB nominal effective exchange rate to the level of import price is not complete, and the volatility of RMB nominal effective exchange rate has a negative impact on the volatility of import price and also has a time lag. Error correction mechanism shows that it needs about 8 months for import price to return to a balanced level after the changes of exchange rate." @default.
- W2580495320 created "2017-02-03" @default.
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- W2580495320 date "2017-01-01" @default.
- W2580495320 modified "2023-10-16" @default.
- W2580495320 title "An Empirical Study on the Pass-Through Effect of RMB Nominal Effective Exchange Rate on Import Price" @default.
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- W2580495320 doi "https://doi.org/10.4236/me.2017.82012" @default.
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