Showing 1 - 10 of 58
Persistent link: https://www.econbiz.de/10009664208
"We document the behavior of trade prices during the Great Trade Collapse of 2008-2009 using transaction-level data from the U.S. Bureau of Labor Statistics. First, we find that differentiated manufactures exhibited marked stability in their trade prices during the large decline in their trade...
Persistent link: https://www.econbiz.de/10009409784
Persistent link: https://www.econbiz.de/10009656922
We document the behavior of trade prices during the Great Trade Collapse of 2008-2009 using transaction-level data from the U.S. Bureau of Labor Statistics. First, we find that differentiated manufactures exhibited marked stability in their trade prices during the large decline in their trade...
Persistent link: https://www.econbiz.de/10012461064
A handful of currencies, especially the US dollar, play a dominant role in international trade. We survey the active theoretical and empirical literature that documents patterns of currency use in global trade, the implications of dominant currencies for international transmission of shocks,...
Persistent link: https://www.econbiz.de/10012794584
Persistent link: https://www.econbiz.de/10013252523
Persistent link: https://www.econbiz.de/10012205697
Persistent link: https://www.econbiz.de/10008697197
"Global trade fell 30 percent relative to GDP during the Great Recession of 2008-2009. Did this collapse result from factors impeding international transactions or did it simply reflect the greater severity of the recession in highly traded sectors? We answer this question with detailed...
Persistent link: https://www.econbiz.de/10008822532
We develop a dynamic multi-country general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multi-sector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of...
Persistent link: https://www.econbiz.de/10013131675