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We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data …
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One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However … US dollar, China has alternative measures to retain its policy independence and de-link its interest rates from the US … rate. In other words, the argument for a flexible RMB to insulate China's monetary policy from the US effect is not …
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We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data …
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We estimate output gaps using three methods for Mainland China on annual data panning 1982-2003. The estimates are …
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