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The "Great Trade Collapse" triggered by the 2008-09 crisis calls for a careful assessment of the trade losses from financial crises. We adopt a more detailed perspective by looking at the response of different types of trade (i.e. agricultural, mining, and manufactured goods, and services)...
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. However, the rest of the world will benefit from an associated decline in the world real interest rate and from a … entitlement program expenditures will crowd out economic growth in the United States and the rest of the world. -- Fiscal policy …
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