Feldkircher, Martin; Korhonen, Iikka - In: Pacific Economic Review 19 (2014) 1, pp. 61-89
This paper studies empirically the role of China in the world economy. We examine both the way the Chinese economy reacts to exchange rate shocks and the repercussions for the world economy of an output shock emanating from China. Based on a global vector autoregressive model and a new data set...
