A Review of the Impact of RMB Exchange Rate Changes on Consumption Structure
Keywords:Consumption structure, Exchange rate change, Mechanism of action.
Optimizing the consumption structure is beneficial to economic growth, specifically, the appreciation of RMB on consumption is beneficial to the transformation and upgrading of the consumption structure. In light of this, the literature research approach is used in this work to examine the literature on the influence of exchange rate changes on consumption structure at home and abroad. It has been shown that the majority of international studies focus on explaining the "Backus-Smith puzzle." Domestic studies, in addition to foreign studies, examine the mechanism of the influence of exchange rate changes on consumption structure. The current research is rich, but domestic scholars cannot reach a consistent conclusion due to the different sample selection and research methods. Afterwards, scholars can search for the reasons and improve the research methods.
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