Estimated Macroeconomic Effects of a Chinese Yuan Appreciation
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.
Volume (Year): 45 (2010)
Issue (Month): 4 (October)
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