Yang, Jun; Zhang, Wei; Tokgoz, Simla - In: Journal of Policy Modeling 35 (2013) 6, pp. 1029-1042
This paper analyzes the ex-ante short-term impacts of the Chinese RMB appreciation on the Chinese and world economy, using a novel approach of modeling nominal exchange rate adjustment in the GTAP, a global CGE model. Scenario results show that Chinese economy will be affected negatively, with...