基于李嘉图模型对购买力平价理论地一个修正.pdf

# 154 # 5数量经济技术经济研究6 2011 年第9 期 基于李嘉图模型对购买力 平价理论的一 个修正 何 昌 ( 江西财经大学国际经贸学院) = 自由贸易使得双方达到均衡的收入和福利水平, 而也就达到了均衡 的货币购买力本文研究发现, 两国货币之间的汇率取决于两国相对的劳动力供 给两国临界商品生产的相对劳动生产率消费者的消费偏好两国相对的货币供 给数量以及两国相对的货币周转速度同时, 得出汇率仅取决于两国临界商品价格 水平之比的结论, 这与Cassel 购买力平价理论存在差异本文提出解决人民币升 值压力问题的基本思路是使临界商品向着中国具有更小比较优势的商品移动 购买力 平价 李嘉图 临界商品 汇率 F830 A Development on Theory Based on Ricardian Model Abstract: When two countries participate into a free trade, they both achieve an equilibrium income1 herefore, both countries reach the equilibrium purchasing power of money1 According to the study, the exchange rate between two currencies depends on the relative supply of labor between the two countries, the relative la- bor productivity in producing critical goods, consumer preferences, the relative money supply, and the relative turnover rate between two currencies. Further- more, conclusion that the exchange rate between two currencies only depends on the ratio of price of the critical goods produced in two countries is obtained, which is different from Cassellian purchasing power parity1 One basic solution to the prob- lem of pressure on the appreciation of RMB is to change the critical goods of China from the goods with more comparative advantage to the goods with a less compara- tive advantage1 Key words: Purchasing Power; Parity; Ricardo; Critical Goods; Exchange Rate Cassel ( 1922) , Cassel 基于李嘉图模型对购买力平价理论的一个修正 # 155 # Froot Rogoff ( 1995) aylor (2004) , : , ; , Cassel Neary (2004) : ( 1) - ( Balassa, 1964; Samuelson, 1964) , ; ( 2