A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism

Juan Medina and Pablo Garcia S.

No 331913, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: In this paper we develop a multi-region DSGE model for the global economy suited to understand the join determination of exchange rates, trade balances and commodity prices across the world. We analyze several international phenomena through the lens of the model. First, we consider the US slowdown and its international propagation. Second, we explore a global boom-bust cycle driven by overoptimistic perspectives for the productivity and its relationship with current account rebalancing. Finally, we analyze the global economic consequences of protectionism.

Keywords: Demand and Price Analysis; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 34
Date: 2009
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Working Paper: A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331913

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