| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18632 |
| 来源ID | Working Paper 18632 |
| The Great Trade Collapse | |
| Rudolfs Bems; Robert C. Johnson; Kei-Mu Yi | |
| 发表日期 | 2012-12-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We survey recent literature on the causes of the collapse in international trade during the 2008-2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse. Inventory adjustment likely amplified the impact of these expenditure changes on trade. In addition, shocks to credit supply constrained export supply further exacerbating the decline in trade. Most evidence suggests that changes in trade policy did not play a large role. We conclude that one benefit of the trade collapse is that it has stimulated research in neglected areas at the intersection of trade and macroeconomics. |
| 主题 | International Economics ; Trade ; International Macroeconomics |
| URL | https://www.nber.org/papers/w18632 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576307 |
| 推荐引用方式 GB/T 7714 | Rudolfs Bems,Robert C. Johnson,Kei-Mu Yi. The Great Trade Collapse. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18632.pdf（360KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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