Giovanni, Julian di; Levchenko, Andrei A. - Research Seminar in International Economics, University … - 2009
This paper proposes a new channel through which international trade affects macroeconomic volatility. We study a multi … such as the U.S., that accounts for one-third of world GDP, international trade increases volatility by about 3.5%. By …, Michigan 48109-3091
Discusion Paper No. 585
International Trade and Aggregate Fluctuations
in Granular Economies …