实施改变均衡实际汇率本身的政策可能会更为有效。
It would be more efficient to implement policies that would change the equilibrium real exchange rate itself.
在过去的几年里，中国货币的实际汇率和它的长期平衡水平（与保持外界均衡一致）之间的差距巳经加大了，很少有人会否认这一点。
There is little doubt that during the past few years the gap between China's real exchange rate and its long-run equilibrium level (consistent with maintaining external balance) has increased.
第三，一旦实际汇率与实际均衡汇率错配，将如何进行制度重构与政策修正。
The third is how to reconstruct the exchange rate system if it exists the misalignment of real exchange rate and real equilibrium exchange rate.
这种计算均衡汇率的方法与以往均衡汇率的研究方法不同，改变了把实际汇率作为被解释变量建立均衡汇率模型的计算方法。
This new calculation model is different from ancient ones that it changes the way that establishes models by taking the real exchange rate as dependent variable.
实际汇率反映对具有均衡性质的购买力平价的偏离，成为判定一国汇率水平高低的标准。
The real rate of exchange reflects the deviation the purchasing power par with a balanced nature.
实际汇率反映对具有均衡性质的购买力平价的偏离，成为判定一国汇率水平高低的标准。
The real rate of exchange reflects the deviation the purchasing power par with a balanced nature.
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