Bown, Chad P.; Crowley, Meredith A. - 2012
periods of weak economic growth. Second, estimates from the pre-Great Recession model predict a major trade policy response … realized trade policy response differed from model predictions based on historical data. While exchange rate movements played … during 2008:Q4-2010:Q4, given the realized macroeconomic shocks. New US and EU trade barriers were projected to cover up to …