Kamin, Steven B.; Marazzi, Mario; Schindler, John W. - Federal Reserve Board (Board of Governors of the … - 2004
In the past few years, observers increasingly have pointed to China as a source of downward pressure on global prices …. This paper evaluates the theoretical and empirical evidence bearing on the question of whether China's buoyant export … theoretical analysis suggests that China's economy is still too small relative to the world economy to have much effect on global …