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The Great Trade Collapse and Rebound: A State-by-State View, Part 1: Introduction

Cletus Coughlin, senior vice president and chief of staff to the president of the St. Louis Fed, gave a presentation on "The Great Trade Collapse and Rebound: A State-by-State View" on July 1, 2014, as part of the Global Economic Forum held at the Federal Reserve Bank of St. Louis.

Part 1: Introduction

Coughlin lays the groundwork for his presentation by giving an overview of how exports and imports were impacted by the Great Recession and the subsequent recovery. He introduces three common explanations for the decline in trade during this period: aggregate demand, trade finance and trade barriers. Coughlin explains the difference between analyzing trade based on the extensive margin (changes in the number of exporting firms) and intensive margin (changes in how much each firm trades, on average), and their implications for long term effects.

More from the presentation:

Presentation slides (pdf)


Part 1: Introduction

Part 2: Country-based Results

Part 3: Exporting Firms and Export Markets

Part 4: Trade Margins: Collapse and Rebound

Part 5: Additional Results: Time, Size, Geographic, and Demand Perspectives on the Collapse and Rebound

Part 6: Summary of Results

Part 7: Question-and-Answer Session with the Audience

The presentation is based on Coughlin's paper, "The Great Trade Collapse and Rebound: A State-by-State View," which appeared in the Federal Reserve Bank of St. Louis Review.


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Audience:   High School, Consumers
Language:   English
Subjects:   AP
Resource Types:   Video, Multimedia
Concepts:   Trade/International Trade