第二节讨论了早期的均衡汇率理论、基本济要素均衡汇率理论（FEER）和行为均衡汇率理论（BEER）。
Sector two introduces Nurkse equilibrium exchange rate which includes early equilibrium exchange rate, foundational equilibrium exchange rate(FEER)and behavioral equilibrium exchange rate(BEER).
它是基于购买力平价理论，也就是说汇率应该使不同国家的一篮子商品的价格达到均衡。
It is based on the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods in each country.
巨无霸指数以购买力平价理论为基础。根据该理论，汇率需调整以均衡全球范围内的一篮子食物和服务的价格。
The Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world.
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。
Based on the theory of macro-economic and international finance, this thesis applied a new method to measure the equilibrium exchange rate of RMB.
汇率目标区的基准汇率应选择均衡汇率，理论上这种均衡汇率应是能同时反映一国内外部均衡的汇率。
The benchmark rate of the target zone should be an equilibrium rate which can reflects both of internal and external equilibrium simultaneously.
汇率目标区的基准汇率应选择均衡汇率，理论上这种均衡汇率应是能同时反映一国内外部均衡的汇率。
The benchmark rate of the target zone should be an equilibrium rate which can reflects both of internal and external equilibrium simultaneously.
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