Understanding the great trade collapse of 2008–09 and the subsequent trade recovery
Abstract: This article documents the Great Trade Collapse of 2008?09, as well as the dramatic recovery in trade of 2009?10. The authors consider how three distinct policy actions ? fiscal stimulus, funding for trade finance and a commitment to refrain from increasing trade barriers ? might have affected both the collapse and recovery.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2011/2qtr2011_part1_crowley_luo.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2011
Issue: Q II