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;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2011
Volume: 35
Issue: Q II