The Influence Of Foreign Exchange Reserve Changes On The Consumption Of Urban Residents

With the increasing degree of global integration,trade activities between countries become more and more frequent,and foreign exchange reserves become an indispensable economic factor for a country.Since the exchange rate reform in our country foreign exchange reserve scale rising,falling in the second half of 2014 began to fluctuate,now back in uplink channel,foreign exchange reserve scale change is worth to pay close attention to the impact on the domestic economic situation.In academia,there is a basic consensus on the impact of foreign exchange reserves on inflation.Most foreign and foreign scholars believe that the increase in the size of foreign exchange reserves will promote the inflation of a country.Most studies have shown that inflation can have an impact on consumer behavior.However,there is less research on the transmission mechanism of foreign exchange reserves on the consumption effect of residents.This article attempts through inflation as the intermediate variable,conduct the effect of foreign exchange reserves to the residents'consumption behavior and constructing utility function to measure the size of the effect,to study the influential factors of residents' consumption added a new dimension.This paper use the broad money supply M₂ as transmission hub,to explore the relationship between changes in foreign exchange reserves and inflation,and through a series of mathematical deduction and statistical tools to get the linear expression between foreign exchange reserves and inflation.Then changes in foreign exchange reserves into traditional ke sermons to discuss foreign exchange reserves of glass function changes in the current consumption ratio and the influence of each "with into the factors of interest rate changes and will be divided into consumer preference for the current?I?consumers and prefer the future consumption?consumer ??discuss two cases,explore the specific impact of changes in foreign exchange reserves.Continue to combine China's actual situation,this paper use of China's urban residents per capita disposable income of urban residents' consumption level is calculated for each year of actual consumption rate and the model calculation of consumption compared to explore whether the rational urban residents' consumption behavior.The traditional utility functions are extended into the current consumption,the current saving and the later consumption calculation of the fluctuations of each part and the effect on the total utility.Before that the direction of study is less,in this paper,the innovative consumer division and the extension of the traditional utility function,combined with the domestic current data to carry on the empirical analysis that the article has certain innovation and persuasive.