1. The nominal exchange rate regulated by China's and US consumer price indexes is called the real exchange rate.

2. The main objects of this paper are RMB nominal exchange rate and net barter terms of trade.

3. Specifically, nominal exchange rate and real exchange rate of RMB have influences on Chinese gross export value and gross import value.

4. Neither nominal exchange rate nor real exchange rate has great influence on China's foreign trade.

5. A depreciation of the nominal exchange rate is the least painful way to achieve this outcome.

6. Money shock is more influential than nominal exchange rate and import price on domestic inflation fluctuation, but it is not the main course of producer price fluctuation.

7. The result is that the pass-through of RMB nominal exchange rate into China' s import price and consumer price is statistically significant, but the degree is highly incomplete.

8. This meant, when the time nominal exchange rate is very difficult to avoid the distortion which occurs because of the currency authority exchange rate policy function.

9. In other words, countries target a nominal exchange rate and try to keep inflation down.

10. Economic theory dictates that a huge external surplus is ultimately corrected either by a rise in the nominal exchange rate or by inflation, which causes the all-important real exchange rate to climb.

11. Rather you have to exchange dollars for euros at the nominal exchange rate and then pay for the room in euros.

12. The exchange rate of Renminbi against USD in daily life is called the nominal exchange rate.

13. If they should decide to reduce the current account surplus, should they allow faster appreciation of the nominal exchange rate or overheating and faster inflation?

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14. The Linked Exchange rate system rules out the use of nominal exchange rate movements as a mechanism of adjustment.

15. Besides, labor costs in China have picked up a lot recently, and therefore our eyes should not only be fixed on the nominal exchange rate.

16. This is the normal way in which management/manipulation of the nominal exchange rate fails to prevent the changes in the real exchange rate warranted by fundamentals.

17. Then work out the real exchange rate of Renminbi by adjusted purchasing power parity and analyze the nominal exchange rate, subsidy and wage policy's effects on real exchange rate respectively.