Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2009
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fects, raising US consumption, investment and the terms of trade, relative to the rest of the
world, while lowering US net … goods production relative to the rest of the
industrial world � we identify tradables with the manufacturing sector. Since … increase US aggregate consump-
tion and investment relative to the rest of the world, raising imports and worsening the
US …