Based on the theory of macro-economic and international finance, this thesis applied a new method to measure the equilibrium exchange rate of RMB.
本文以宏观经济理论和国际金融为理论指导，以一种新的测算方法来计算人民币均衡汇率。
2
This theory is called "a technological shock favourable to macro-economics'. At present, a dynamic and stochastic model of equilibrium has become a basic tool for modern macro-economic analysis."