Demand Spillovers and the Collapse of Trade in the Global Recession /

This paper uses a global input-output framework to quantify US and EU demand spillovers and the elasticity of world trade to GDP during the global recession of 2008-2009. We find that 20-30 percent of the decline in the US and EU demand was borne by foreign countries, with NAFTA, Emerging Europe, an...

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Dettagli Bibliografici
Autore principale: Yi, Kei-Mu
Altri autori: Bems, Rudolfs, Johnson, Robert
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2010.
Serie:IMF Working Papers; Working Paper ; No. 2010/142
Accesso online:Full text available on IMF