Understanding the Great Trade Collapse of 2008-09 and the subsequent trade recovery

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 bot...

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Bibliographic Details
Published in:Economic perspectives (1989) 2011-04, Vol.35 (2), p.44
Main Authors: Crowley, Meredith A, Luo, Xi
Format: Article
Language:English
Subjects:
Economic recovery
Fiscal policy
Studies
Trade barriers
Trade policy
Online Access:Get full text
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Summary: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. [PUBLICATION ABSTRACT]
ISSN:1048-115X
2163-3584