Decomposing the great trade collapse : products, prices, and quantities in the 2008-2009 crisis (Inglés)

The authors identifies a new set of stylized facts on the 2008-2009 trade collapse that they hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, they decompose the fall in international trade into product entry and exit, price changes, and quantity changes for imports by Brazil, the European Union, Indonesia, and the United States. When the authors aggregate across all...
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BOLETÍN DEL BANCO MUNDIAL

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