First , whether the nominal exchange rate of rmb accords with purchasing power parity is tested 首先對(duì)人民幣匯率是否符合購買力平價(jià)理論進(jìn)行了驗(yàn)證。
The exchange rate of renminbi against usd in daily life is called the nominal exchange rate 摘要日常經(jīng)濟(jì)生活中直接觀測(cè)到的人民幣兌換美元的匯率稱為名義匯率。
The nominal exchange rate regulated by china ' s and us consumer price indexes is called the real exchange rate 用中美消費(fèi)物價(jià)指數(shù)調(diào)整的人民幣兌換美元的名義匯率稱為實(shí)際匯率。
It was the combination of a virtually fixed nominal exchange rate with a depreciating real exchange rate that made it so 是近乎固定的名義匯率與不斷下降的實(shí)際匯率的結(jié)合,才造成了這種結(jié)果。
The answer seems simple : save less and let the nominal exchange rate appreciate faster , to eliminate possible inflationary consequences of such a policy shift 答案似乎很簡單:減少儲(chǔ)蓄,讓名義匯率更快上升,以消除這種政策轉(zhuǎn)變可能帶來的通脹后果。
The nominal exchange rate is relevant , but more relevant is the real effective exchange rate reer , which also takes into account the inflation rate and the trade patterns 名義匯率是相關(guān)的指標(biāo),但更恰當(dāng)?shù)氖菍?shí)質(zhì)匯率因?yàn)榘淹浡逝c貿(mào)易結(jié)構(gòu)模式也計(jì)算在內(nèi)。
Even ignoring the fallacy of competitive devaluation , this claim assumes that the nominal exchange rate on its own is a reliable measure of an economy s competitiveness 即使我們撇開競爭性貶值的謬誤不談,這個(gè)意見假設(shè)名義匯率本身是評(píng)估經(jīng)濟(jì)競爭力的可靠指標(biāo)。
If they should decide to reduce the current account surplus , should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation 如果他們決定減少經(jīng)常賬戶盈余,那么他們是否應(yīng)該允許名義匯率更快上升,或是經(jīng)濟(jì)過熱和通脹加速?
During the same period , the reers for other asian currencies had appreciated by various degrees , reflecting both a rebound in nominal exchange rates as well as high domestic inflation 同期,其他貨幣的實(shí)質(zhì)匯率則有所升值,升幅各有不同,反映名義匯率回升及當(dāng)?shù)匚飪r(jià)上漲。
During the same period , the reers for other asian currencies have appreciated by various degrees , reflecting both a rebound in nominal exchange rates as well as higher domestic inflation 。同期,其他貨幣的實(shí)質(zhì)匯率則有所升值,升幅各有不同,反映名義匯率回升及當(dāng)?shù)匚飪r(jià)上漲。