China keeps its exchange rate tightly fixed to the dollar. Its productivity growth and trade surplus have been high … reduce China's trade surplus but could cause serious deflation in China. To show this, we consider international adjustment … between China and the United States from both an asset-market and a labor-market perspective, and compare this to Japan …

provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary …

constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan – at different points of time – self-fulfilling runs …, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …

This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we … argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of …

The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …