Estimated Macroeconomic Effects of a Chinese Yuan Appreciation

Ray Fair ()

No 1755, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: This paper uses a multicountry macroeconometric model to estimate the macroeconomic effects of a Chinese yuan appreciation. The estimated effects on U.S. output and employment are modest. Positive effects on U.S. output from a decrease in imports from China are offset by negative effects on U.S. output from increased inflation and from a decrease in U.S. exports to China because of a Chinese contraction.

Keywords: Yuan; appreciation (search for similar items in EconPapers)
JEL-codes: E17 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2010-03
New Economics Papers: this item is included in nep-cna, nep-ifn and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published in Business Economics (October 2010), 45: 233-243

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