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Estimated Macroeconomic Effects of a Chinese Yuan Appreciation

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  • Ray C Fair

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.

Suggested Citation

  • Ray C Fair, 2010. "Estimated Macroeconomic Effects of a Chinese Yuan Appreciation," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 45(4), pages 233-243, October.
    • Handle: RePEc:pal:buseco:v:45:y:2010:i:4:p:233-243
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    Cited by:

    1. Eddy Bekkers & Joseph Francois, 2014. "Bilateral Exchange Rates and Jobs," Review of International Economics, Wiley Blackwell, vol. 22(2), pages 275-298, May.
    2. Philip Levy, 2011. "The United States and the PRC : Macroeconomic Imbalances and Economic Diplomacy," Governance Working Papers 23208, East Asian Bureau of Economic Research.

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