Episode notes
Podcast Title: "The Great Trade Collapse and Rebound: A Deep Dive"Episode Notes:
... Read more- Introduction:
- Presentation of the topic: The Great Trade Collapse and Rebound.
- Background on the 2008 financial crisis and its aftermath on global trade.
- The US Experience:
- Drawing parallels between the GTC and prior trade declines.
- Debunking fears: Contrary to concerns, firms did not switch solely to domestic operations or go out of business.
- Emphasis on the elasticity of exports: The rapid decline and subsequent rebound showcased the adaptability of the US export sector.
- Trade Margins & Adjustments:
- Differences between intensive and extensive trade margins.
- Larger changes were observed ...