Study on the Transmission-Mechanism of International Factors Influencing Chinese Price Level

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摘要 Afterthereformandopening,theeconomicrelationshipbetweenChinaandtheworldisstrengthenedheavily.Theoretically,internationalfactorshaveimpactonthedomesticgeneralpricelevelthroughasetofchannels.Thispaperemployedasampleincludingmonthlydataoffiverepresentativeindicators,toexploretheinfluenceofinternationalfactorsonChinesepricelevel.TheempiricalresultsshowedthatthereisanobviouslagforChineseCPIreactingtointernationalshocks,whilethePPIreactsimmediately.TheimpactofinternationalfactorsonChineseCPIandPPIusuallylasts12monthsatleastandtheyalwaysexhibitadifferenttransmissionmechanismforinternationalshocks.Besides,afurtherstudyrevealedthatsomestructure-breakpointsintheinfluencemechanismofinternationalfactorsexist,andgreatchangesoftheimpactdirectionandsignificancefordifferentfactorshavetakenplaceinthesubsampleperiods.
机构地区 不详
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出版日期 2017年01月11日(中国期刊网平台首次上网日期,不代表论文的发表时间)
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