CAJ | 학술논문

在计算人民币汇率变动对我国总产出的影响时，人民币汇率和我国总产出之间会相互影响，从而使计算变得困难。本文考虑了汇率与国内总产出之间的相互作用，构建了一国汇率对该国经济增长影响的模型，并运用这个模型对人民币汇率变动的影响进行实证研究。实证结果表明，人民币汇率在一定范围内的升（贬）值，对我国经济增长的影响较小；但如果人民币汇率大幅波动，则会对我国经济增长产生大的影响。
재계산인민폐회솔변동대아국총산출적영향시，인민폐회솔화아국총산출지간회상호영향，종이사계산변득곤난。본문고필료회솔여국내총산출지간적상호작용，구건료일국회솔대해국경제증장영향적모형，병운용저개모형대인민폐회솔변동적영향진행실증연구。실증결과표명，인민폐회솔재일정범위내적승（폄）치，대아국경제증장적영향교소；단여과인민폐회솔대폭파동，칙회대아국경제증장산생대적영향。
When calculating the impact of RMB exchange rate on China＇s economic growth, there are mutual influences between RMB exchange rate and China＇s economic growth, which makes the calculation difficult. The model built in the paper considers the mutual influences between exchange rate and domestic economic growth, and it is used to do an empirical analysis on the impact of RMB exchange rate on Chinas economic growth. The result shows that appropriate appreciation or depreciation has little influence on economic growth. However, the huge fluctuation of RMB exchange rate has great impact on domestic economic growth.