Cletus Coughlin, senior vice president and policy adviser 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 6: Summary of Results
Coughlin provides a summary of the research. The bottom line being that the U.S. export sector weathered the Great Trade Collapse quite well. Coughlin attributes this largely due to the domination of U.S. exports by large firms which contributed to the resiliency of the U.S. export sector.
More from the presentation:
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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