Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2022
predicted by estimates based upon a cross-country sample, when using the 2006 vintage of the World Development Indicators. The … rise in response to a RMB depreciation; however, Chinese exports appear to respond to RMB depreciation in the expected … capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative income …