Estimated Macroeconomic Effects of a Chinese Yuan Appreciation

Ray C Fair

Business Economics, 2010, vol. 45, issue 4, 233-243

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.

Date: 2010
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