The Great Recession and a Missing Generation of Exporters

Posted: 13 Aug 2020

See all articles by William Fabius Lincoln

William Fabius Lincoln

Claremont McKenna College - Robert Day School of Economics and Finance

Andrew H. McCallum

Board of Governors of the Federal Reserve System

Michael Siemer

Board of Governors of the Federal Reserve System

Multiple version iconThere are 2 versions of this paper

Date Written: March 6, 2020

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.

Suggested Citation

Lincoln, William Fabius and McCallum, Andrew H. and Siemer, Michael, The Great Recession and a Missing Generation of Exporters (March 6, 2020). FEDS Notes No. 2020-03-06 https://doi.org/10.17016/2380-7172.2531, Available at SSRN: https://ssrn.com/abstract=3672618

William Fabius Lincoln (Contact Author)

Claremont McKenna College - Robert Day School of Economics and Finance ( email )

500 E. Ninth St.
Claremont, CA 91711-6420
United States

Andrew H. McCallum

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

HOME PAGE: http://www.andrewhmccallum.com

Michael Siemer

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

HOME PAGE: http://www.michael-siemer.com

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