World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in … the supply and demand channels in trade by quantifying the causal effect of supply spillovers from lockdowns. We utilize a … novel dataset of daily bilateral seaborne trade, and design a shift-share identification strategy that leverages geography …

gains from trade. Those gains are realized through exchange rate adjustments that cause a temporary reallocation of … production towards the economy with the lowest infection rate at any point in time. We show that international cooperation over … containment policies that aim at optimizing global welfare further enhances the ability of countries to exploit trade …