Cheung, Yin-Wong; Chinn, Menzie D.; Qian, Xingwang - CESifo - 2014
yields additional insights. Firms more subject to market forces exhibit greater price sensitivity. The price elasticity is … value of China’s exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively …. Further, the combined empirical price effects on exports and imports imply an increase in the real value of the RMB will …