VoxEU / Estimating trade elasticities: Demand composition and the trade collapse of 2008–09

[arthur garbayo]

Estimating trade elasticities: Demand composition and the trade collapse of 2008–09

Matthieu Bussière   Fabio Ghironi   Giulia Sestieri 14 February 2012

At the height of the 2008–09 financial crisis, global trade fell by far more than global output – a pattern that defied past experience and became known as the Great Trade Collapse. This column uses a new model for analysis to argue that the collapse was caused mainly by the crash in global demand. Matthieu Bussière Head of Division, International Macroeconomics Division, Banque de France Fabio Ghironi Associate Professor of Economics, Boston College Giulia Sestieri Economist, International Macroeconomics Division, Banque de France

http://www.voxeu.org/index.php?q=node/7621

--

Para ter mais informação acesse estes portais:  www.desenvolvimentistas.com.br e http://www.joserobertoafonso.ecn.br/