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goods trade model which also captures trade through time in the form of inside money as used in macro literature on one good …. We calibrate such a model to China’s trade with the rest of the world and explore two country tariff games using 2005 … way. -- Inside money ; general equilibrium ; Nash equilibrium ; numerical analysis ; tariff rate …
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This paper develops a model of the Chinese economy using a DSGE framework that accommodates a banking sector and money … in the use of indirect inference to estimate and test the fitted model. We find that the main shocks that hit China in …
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