Incorporation of Fixed-Flexible Exchange Rates in Econometric Trade Models: A Grafted Polynomial Approach
提出嫁接多项式方法,解决在固定和浮动汇率制度并存时期将汇率内生化于贸易模型中的计量估计问题。
Endogenizing the exchange rate in trade models over the period of fixed and flexible exchange rate systems poses an econometric problem in the estimation because of the fixity of the exchange rate under the fixed exchange rate system. An econometric technique, the grafted polynomial approach, is used to solve this problem.