本文通过改进Amiti et al.(2017)和Gopinath&Itskhoki(2010)的模型,基于大国开放经济下企业的一般定价框架和2005-2014年42国数据,利用空间计量分析方法,探讨国内外通货膨胀的空间关联性及其在大宗商品价格波动下的非对称性问题。...本文通过改进Amiti et al.(2017)和Gopinath&Itskhoki(2010)的模型,基于大国开放经济下企业的一般定价框架和2005-2014年42国数据,利用空间计量分析方法,探讨国内外通货膨胀的空间关联性及其在大宗商品价格波动下的非对称性问题。研究发现,大国间的通货膨胀存在空间关联性,该关联性与国际市场份额正相关;大宗商品价格对国内通货膨胀产生非对称性传导,该冲击除了体现在边际成本渠道,还表现出受市场份额影响的策略互补性。实证发现,存在受国际市场份额正向影响下的国内外通货膨胀的空间关联性;大宗商品价格对我国通货膨胀的冲击主要源于能源价格的波动,这种传递效应与市场份额负相关,而且能源价格越高,其价格波动对通货膨胀的传递效应越显著。最后,本文为我国应对国际通货膨胀传导,尤其是应对大宗商品价格冲击的非对称性提供了政策启示和建议。展开更多
In this general equilibrium framework, the transportation sector is modeled as a distinct sector with increasing returns. A more advanced technology has a higher fixed cost but a lower marginal cost of production. Eve...In this general equilibrium framework, the transportation sector is modeled as a distinct sector with increasing returns. A more advanced technology has a higher fixed cost but a lower marginal cost of production. Even with both manufacturing finns and transportation firms engaged in oligopolistic competition and optimally choosing their technologies, the model is tractable and results are derived analytically. Technology adoptions in the manufacturing sector and transportation sector are reinforcing, and multiple equilibria may exist. Firms choose more advanced technologies and the prices decrease when the size of the population is larger.展开更多
文摘本文通过改进Amiti et al.(2017)和Gopinath&Itskhoki(2010)的模型,基于大国开放经济下企业的一般定价框架和2005-2014年42国数据,利用空间计量分析方法,探讨国内外通货膨胀的空间关联性及其在大宗商品价格波动下的非对称性问题。研究发现,大国间的通货膨胀存在空间关联性,该关联性与国际市场份额正相关;大宗商品价格对国内通货膨胀产生非对称性传导,该冲击除了体现在边际成本渠道,还表现出受市场份额影响的策略互补性。实证发现,存在受国际市场份额正向影响下的国内外通货膨胀的空间关联性;大宗商品价格对我国通货膨胀的冲击主要源于能源价格的波动,这种传递效应与市场份额负相关,而且能源价格越高,其价格波动对通货膨胀的传递效应越显著。最后,本文为我国应对国际通货膨胀传导,尤其是应对大宗商品价格冲击的非对称性提供了政策启示和建议。
文摘In this general equilibrium framework, the transportation sector is modeled as a distinct sector with increasing returns. A more advanced technology has a higher fixed cost but a lower marginal cost of production. Even with both manufacturing finns and transportation firms engaged in oligopolistic competition and optimally choosing their technologies, the model is tractable and results are derived analytically. Technology adoptions in the manufacturing sector and transportation sector are reinforcing, and multiple equilibria may exist. Firms choose more advanced technologies and the prices decrease when the size of the population is larger.
