Risks and global supply chains: What we know and what we need to know
Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the
top of policy agendas and created the impression that shortages would have been less …
top of policy agendas and created the impression that shortages would have been less …
The great trade collapse
We survey recent literature on the causes of the collapse in international trade during the
2008–2009 global recession. We argue that the evidence points to the collapse in …
2008–2009 global recession. We argue that the evidence points to the collapse in …
Gravity equations: Workhorse, toolkit, and cookbook
This chapter focuses on the estimation and interpretation of gravity equations for bilateral
trade. This necessarily involves a careful consideration of the theoretical underpinnings …
trade. This necessarily involves a careful consideration of the theoretical underpinnings …
Exports and financial shocks
A striking feature of many financial crises is the collapse of exports relative to output. This
article examines whether deteriorations in bank health can help explain the large drops in …
article examines whether deteriorations in bank health can help explain the large drops in …
Off the cliff and back? Credit conditions and international trade during the global financial crisis
We study the collapse of international trade flows during the global financial crisis using
detailed data on monthly US imports. We show that credit conditions were an important …
detailed data on monthly US imports. We show that credit conditions were an important …
Firm exports and multinational activity under credit constraints
We provide firm-level evidence that credit constraints restrict international trade and affect
the pattern of multinational activity. We show that foreign affiliates and joint ventures in …
the pattern of multinational activity. We show that foreign affiliates and joint ventures in …
Trade and the global recession
We develop a dynamic multicountry general equilibrium model to investigate forces acting
on the global economy during the Great Recession and ensuing recovery. Our multisector …
on the global economy during the Great Recession and ensuing recovery. Our multisector …
Dissecting the effect of credit supply on trade: Evidence from matched credit-export data
We estimate the elasticity of exports to credit using matched customs and firm-level bank
credit data from Peru. To account for non-credit determinants of exports, we compare …
credit data from Peru. To account for non-credit determinants of exports, we compare …
The trade impact of the Covid‐19 pandemic
Using a gravity‐like approach, we study how COVID‐19 deaths and lockdown policies
affected countries' imports from China during 2020. We find that a country's own COVID‐19 …
affected countries' imports from China during 2020. We find that a country's own COVID‐19 …
The collapse of international trade during the 2008-2009 crisis: In search of the smoking gun
AA Levchenko, LT Lewis, LL Tesar - 2010 - nber.org
One of the most striking aspects of the recent recession is the collapse in international trade.
This paper uses disaggregated data on US imports and exports to shed light on the anatomy …
This paper uses disaggregated data on US imports and exports to shed light on the anatomy …