McKinnon, Ronald I. (contributor) - 2005
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …. Under a fixed exchange rate, however, differential adjustment in the rate of growth of money wages will more accurately …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 …
