nominal effective exchange rate

nominal effective exchange rate an effective exchange rate which is not adjusted for relative inflation differentials.

名义有效汇率没有按与通货膨胀有关的差幅进行调整的有效。

The long-term relationship shows that 1% changes of the nominal effective exchange rate will lead to 0.49% changes of the imported goods price index, hence the exchange rate pass-through is not fully passed.

长期关系表明名义有效汇率单位百分比的变化会导致进口商品价格指数0.49%，从而表明汇率是不完全传递的。

whether the changes of nominal effective exchange rate (neer) of rmb are really main factors to force domestic inflation?

那么人民币名义有效汇率的变动是否就是国内通货膨胀的主要原因呢？

The impact of Nominal effective exchange rate on domestic price is not one-to-one. The impact of the appreciation of RMB on the domestic price level is not significant in the short term and in the long run the impact is more significant than in the short term.

人民币升值在短期内对国内价格水平的影响是不显著的，在长期中对国内物价水平的影响则要比短期中大的多。

Another crucial element will be an inherent appreciation bias in the form of an upward nominal effective exchange rate slope that could be manipulated according to the stage of economic recovery, enabling a more enduring implementation of this FX mechanism.

另一个关键因素将是一种内在升值倾向，其形式是名义有效汇率的向上倾斜，这可以根据经济复苏的阶段加以操控，从而更长久地实施这种汇率机制。