Summary: Soumaya Keynes (The Economist) and Chad P. Bown (Peterson Institute for International Economics) cohost a podcast about the economics of international trade and policy. From trade wars to trade deals, this podcast covers trade developments with insights and economic analysis from two of the world's top trade geeks.
Amid the Great Recession of 2008-9, global trade collapsed by 15 percent. Decomposing the role of supply chains, trade in autos and other durable goods, inventory adjustments, trade finance, protectionism, the shock to demand, and even the exchange rate movements, may help us understand how the trade collapse of 2020 evolves, as well as the prospects for a V-shaped recovery. Read more… Soumaya Keynes. 2020. If you thought the trade war was bad for global commerce… The Economist, 26 March. George Alessandria, Joseph P. Kaboski, and Virgiliu Midrigan. 2011. US Trade and Inventory Dynamics. American Economic Review. Mary Amiti and David Weinstein. 2011. Exports and financial shocks. Quarterly Journal of Economics. Irena Asmundson, Thomas Dorsey, Armine Khachatryan, Iona Niculcea, and Mika Saito. 2011. Trade finance in the 2008–2009 financial crisis: evidence from IMF and BAFT-IFSA surveys of banks. In Trade Finance During the Great Trade Collapse, Jean-Pierre Chauffour and Mariem Malouche (eds.) Washington, DC: World Bank. Richard Baldwin (ed.) 2009. The Great Trade Collapse: Causes, Consequences, and Prospects. London, UK: CEPR. Richard Baldwin and Simon Evenett (eds.) 2009. The Collapse of Global Trade, Murky Protectionism, and the Crisis: Recommendations for the G20. London, UK: CEPR. Rudolfs Bems, Robert C. Johnson and Kei-Mu Yi. 2013. The Great Trade Collapse. Annual Review of Economics. Chad P. Bown. (ed.) 2011. The Great Recession and Import Protection: The Role of Temporary Trade Barriers. Washington, DC: World Bank Chad P. Bown and Meredith A. Crowley. 2013. Import protection, business cycles, and exchange rates: evidence from the Great Recession. Journal of International Economics. Natalie Chen and Luciana Juvenal. 2018. Quality and the Great Trade Collapse. Journal of Development Economics. Davin Chor and Kalina Manova. 2012. Off the cliff and back? Credit conditions and international trade during the global financial crisis. Journal of International Economics. Jonathan Eaton, Samuel Kortum, Brent Neiman, John Romalis. 2016. Trade and the global recession. American Economic Review. Gita Gopinath, Oleg Itskhoki and Brent Neiman. 2012. Trade Prices and the Global Trade Collapse of 2008–09. IMF Economic Review. Hiau Looi Kee, Cristina Neagu and Alessandro Nicita. 2013. Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008. The Review of Economics and Statistics. Andrei A. Levchenko, Logan T. Lewis, and Linda L. Tesar. 2010. The Collapse of International Trade during the 2008-09 Crisis: In Search of the Smoking Gun. IMF Economic Review.
How companies are coping (or not) with the massive disruption in global trade flows due to COVID-19.
Countries try to beat COVID-19 by limiting exports of medical supplies and cutting tariffs.
Does globalization contribute to the gender wage gap? Beata Javorcik joins to explain one overlooked channel.
Simon Rabinovitch joins from China to discuss the economic, trade, and supply chain implications of the coronavirus disease, COVID-19.
A Washington protest march and the wine industry illustrate the impact of US tariffs on American small businesses.
How the Napoleonic Blockade helps economists see whether temporary protection from trade can further industrial development.
What is the Glasgow effect? Richard Davies explains, and tells the gripping economic story of the Scottish city’s boom and bust.
Nick Bloom joins to discuss policy uncertainty under President Trump and implications for the economy and stock market.
Two former and longtime USTR negotiators join to explain the details of the new US-China trade agreement.
New evidence reveals Trump’s import tariffs are contributing to the recent slowdown in US exports.
Why is the WTO struggling to negotiate limits to fisheries subsidies? As always, it's complicated.
New research shows how Trump’s trade war may have cost Republican seats in the 2018 election for the US House of Representatives.
Trump’s USTR provides some details of what has been agreed, including tariff cuts, purchases and structural reforms.
USMCA gets one step closer after Congressional Democrats, organized labor, the Trump administration, and Mexico strike a deal.