The Great Recession and a Missing Generation of Exporters

William F. Lincoln, Andrew McCallum and Michael Siemer

No 2020-03-06, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: While the large collapse in aggregate international trade volumes during the Great Recession has been widely studied in the literature, the recovery is much less well understood. Indeed, by 2014 U.S. foreign sales were still below their historical post-recession level. In this note, we summarize the results of Lincoln, McCallum, and Siemer (2019), which considers how much of a role a "missing generation of exporters" played in explaining the relatively slow growth of foreign sales after the financial crisis.

Date: 2020-03-06
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Related works:
Working Paper: The Great Recession and a Missing Generation of Exporters (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-03-06

DOI: 10.17016/2380-7172.2531

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