The Impact of Exchange Rate Adjustment on the Macro Economy under the Open Economy DSGE Model

The adjustment of RMB exchange rate will have an important impact on China's economic development. Based on the brief introduction of the concept and characteristics of the DSGE model, this paper analyzes and expounds the impact of RMB exchange rate adjustment on the national macro-economy based on the DSGE model, and gives relevant suggestions for monetary policy that can promote the country's macroeconomic development. In the more than ten years since the beginning of the reform of the RMB exchange rate mechanism in 2005, scholars at home and abroad have conducted in-depth discussions on issues related to the adjustment of the RMB exchange rate. The RMB exchange rate is an important policy tool and has an adjustment function for the national macro economy. Under the open economy, the marketization of the RMB exchange rate has been further promoted, and what kind of impact will this kind of promotion have on China's macro-economy? Under the influence of the RMB exchange rate, the state should introduce appropriate monetary policies to promote macroeconomics. Economic development is a concern of scholars. In this context, this paper analyzes and explains the impact of RMB exchange rate adjustment on the national macro economy based on the DSGE model.