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    Understanding the great trade collapse of 2008–09 and the subsequent trade recovery

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    This article documents the Great Trade Collapse of 2008–09, as well as the dramatic recovery in trade of 2009–10. The authors consider how three distinct policy actions — fiscal stimulus, funding for trade finance and a commitment to refrain from increasing trade barriers — might have affected both the collapse and recovery.Gross domestic product ; Trade ; Recessions
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