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。

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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."

实际经济周期理论被称为“对宏观经济学的有利的技术冲击”，目前，其倡导的动态随机一般均衡模型已经成为现代宏观经济学分析的基本工具。

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