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"Estimated Macroeconomic Effects of a Chinese Yuan
Business Economics, October 2010, 233-243.
pdf file (1,147 KB).
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 are roughly offset by negative
effects from a decrease in Chinese output and an increase in
U.S. import prices.
Results in this paper can be duplicated using the MCE model on this website.
See Chapter 7 of
The MCE Model Workbook.