The Great Trade Collapse of 2008-09: An Inventory Adjustment?
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This paper examines the role of inventories in the decline of production, trade, and expenditures in the US in the economic crisis of late 2008 and 2009. Empirically, we show that international trade declined more drastically than trade-weighted production or absorption and there was a sizeable
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美国国家经济研究局创建时间：
2010-06-01
