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This paper critically evaluates the policy literature surrounding China's exchange rate regime.It first discusses several popularly raised contentions in relation to the dollar peg employed by China, which in fact are poorly grounded in evidence.These include notions that the RMB is clearly...
Persistent link: https://www.econbiz.de/10011091763
unconditional moments of the pretest estimator, taking full account of the fact that model selection and estimation are an …
Persistent link: https://www.econbiz.de/10011090601
AMS classifications: 62G10; 62G20; 62G30;
Persistent link: https://www.econbiz.de/10011091709
considered before all use nonparametric statistics.On the technical side, we provide a novel approach to the pre-estimation … problem using Le Cam s third lemma.The resulting formula for the correction in the limiting variance as a result of pre-estimation …
Persistent link: https://www.econbiz.de/10011092694