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Estimated Macroeconomic Effects of a Chinese Yuan Appreciation

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  • Ray C Fair
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    Abstract

    This paper uses a multicountry macroeconometric model to estimate the macroeconomic effects of a Chinese yuan appreciation against the U.S. dollar. The estimated effects on U.S. output and employment are modest. Positive effects on U.S. output are roughly offset by negative effects from a decrease in Chinese output and an increase in U.S. import prices.

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    Bibliographic Info

    Article provided by Palgrave Macmillan in its journal Business Economics.

    Volume (Year): 45 (2010)
    Issue (Month): 4 (October)
    Pages: 233-243

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    Handle: RePEc:pal:buseco:v:45:y:2010:i:4:p:233-243

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    Cited by:
    1. Levy, Philip, 2011. "The United States and the PRC: Macroeconomic Imbalances and Economic Diplomacy," ADBI Working Papers 328, Asian Development Bank Institute.

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