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 4: Trade Margins: Collapse and Rebound
Coughlin tells what happened during the Great Trade Collapse using state-level data and relates it back to the extensive and intensive margins. Both intensive and extensive margins declined in most states during this period and the intensive margin declines exceeded the extensive margin in a majority of states. He then presents similar data to show the rebound – the extensive margin increased in all states, and intensive margin increased in most states; again the intensive margin exceeded the extensive margin in a majority of states.
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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