Showing 1 - 10 of 40
This study reconsiders the well-known cross-country positive association between prices and income by focusing on heterogeneity between the inter-developed-country and inter-developing-country relationships. Empirical results reveal not only that developed and developing countries differ in...
Persistent link: https://www.econbiz.de/10009707555
Persistent link: https://www.econbiz.de/10011442653
Persistent link: https://www.econbiz.de/10001693977
"We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted...
Persistent link: https://www.econbiz.de/10003739233
Persistent link: https://www.econbiz.de/10003835218
We examine whether the Chinese exchange rate is misaligned and how Chinese trade flows respond to the exchange rate and to economic activity. We find, first, that the Chinese currency, the renminbi (RMB), is substantially below the value predicted by estimates based upon a cross-country sample,...
Persistent link: https://www.econbiz.de/10003818038
Persistent link: https://www.econbiz.de/10003974974
Persistent link: https://www.econbiz.de/10003953808
Persistent link: https://www.econbiz.de/10008729293
Persistent link: https://www.econbiz.de/10003855149