Document Type
Discussion Paper
Publication Date
3-1-2010
CFDP Number
1755
CFDP Pages
18
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.
Recommended Citation
Fair, Ray C., "Estimated Macroeconomic Effects of a Chinese Yuan Appreciation" (2010). Cowles Foundation Discussion Papers. 2083.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2083