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 …

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 …

Silver, Money and Credit gathers a collection of contributions by leading specialists on the role of silver in Ancient …