Currency Pegs, Trade Imbalances and Unemployment: A Reevaluation of the China Shock
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https://www.nber.org/papers/w34823
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资源简介：
We develop a dynamic quantitative model of trade and labor adjustment, incorporating nominal wage rigidity and consumptionsaving decisions, to study how Chinas currency peg interacted with its rapid growth in shaping the US economy. We show that the peg temporarily boosts Chinas export growth by
提供机构：
美国国家经济研究局
创建时间：
2026-02-01
