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A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism

Author

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  • Medina, Juan Pablo
  • S., Pablo Garcia
Abstract
In this paper we develop a multi-region DSGE model for the global economy suited to understand the join determination of exchange rates, trade balances and commodity prices across the world. We analyze several international phenomena through the lens of the model. First, we consider the US slowdown and its international propagation. Second, we explore a global boom-bust cycle driven by overoptimistic perspectives for the productivity and its relationship with current account rebalancing. Finally, we analyze the global economic consequences of protectionism.

Suggested Citation

  • Medina, Juan Pablo & S., Pablo Garcia, 2009. "A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism," Conference papers 331913, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331913
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    File URL: https://ageconsearch.umn.edu/record/331913/files/4264.pdf
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    References listed on IDEAS

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    1. Kishore Gawande & Usree Bandyopadhyay, 2000. "Is Protection for Sale? Evidence on the Grossman-Helpman Theory of Endogenous Protection," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 139-152, February.
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    Cited by:

    1. Lin, Justin Yifu & Martin, William J., 2009. "The Financial Crisis and Its Impact on the Global Agricultural Landscape," 2009 Conference, August 16-22, 2009, Beijing, China 53208, International Association of Agricultural Economists.
    2. Justin Yifu Lin & Will Martin, 2010. "The financial crisis and its impacts on global agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 133-144, November.

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