 | Demand Spillovers and the Collapse of Trade in the Global Recession Author/Editor: Kei-Mu Yi, Rudolfs Bems, Robert C. Johnson. Release Date:June, 2010 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 more...
| Price: $18.00
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| Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement? Author/Editor: Kei-Mu Yi, Ayhan Kose. Release Date:October, 2005 Recent empirical research finds that pairs of countries with stronger trade linkages tend to have more highly correlated business cycles. We assess whether the standard international business cycle more...
| Price: $15.00
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