Journal Article

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.

Keywords: Gross domestic product; Trade; Recessions;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2011

Volume: 35

Issue: Q II