Recoveries and Trade: Does the Exchange Rate Regime Matter?, Accessible Data

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=41)	Pegged + 2 s.e.	Pegged - 2 s.e.	Flexible (n=66)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	98.63	100.28	96.97	97.90	99.21	96.59
-11	99.29	100.88	97.70	98.40	99.60	97.19
-10	99.62	101.16	98.07	99.03	100.21	97.86
-9	100.28	101.66	98.90	99.51	100.57	98.46
-8	100.99	102.32	99.66	100.41	101.26	99.56
-7	101.14	102.35	99.92	100.80	101.67	99.93
-6	101.46	102.68	100.24	101.43	102.28	100.58
-5	101.83	102.94	100.71	101.49	102.12	100.85
-4	102.05	102.98	101.11	101.85	102.42	101.29
-3	102.01	102.88	101.14	101.65	102.14	101.16
-2	101.69	102.41	100.98	101.65	102.04	101.26
-1	100.80	101.24	100.37	100.87	101.15	100.59
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00
+1	100.86	101.39	100.33	101.02	101.35	100.70
+2	101.51	102.09	100.93	101.86	102.33	101.39
+3	101.76	102.31	101.21	102.65	103.13	102.16
+4	102.54	103.22	101.85	103.27	103.82	102.73
+5	102.98	103.64	102.32	104.05	104.58	103.53
+6	103.54	104.37	102.72	104.80	105.38	104.22
+7	104.01	104.86	103.17	105.75	106.42	105.07
+8	104.45	105.31	103.59	106.24	106.95	105.53
+9	105.06	106.03	104.10	106.77	107.51	106.02
+10	105.33	106.34	104.32	107.61	108.42	106.79
+11	106.13	107.89	104.38	108.27	109.13	107.41
+12	106.62	108.48	104.75	108.99	109.92	108.06
+13	107.02	109.02	105.03	109.61	110.66	108.57
+14	107.52	109.67	105.36	110.66	111.87	109.44
+15	107.87	110.15	105.58	111.39	112.69	110.09

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=12)	Pegged + 2 s.e.	Pegged - 2 s.e.	Euro area (n=29)	Euro area + 2 s.e.	Euro area - 2 s.e.	Flexible (n=66)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	96.79	98.74	94.83	99.39	101.56	97.21	97.90	99.21	96.59
-11	97.18	98.98	95.38	100.16	102.23	98.10	98.40	99.60	97.19
-10	96.94	99.04	94.83	100.72	102.61	98.83	99.03	100.21	97.86
-9	98.04	99.58	96.49	101.21	102.97	99.45	99.51	100.57	98.46
-8	98.41	99.82	97.00	102.06	103.71	100.41	100.41	101.26	99.56
-7	98.81	100.11	97.52	102.10	103.61	100.59	100.80	101.67	99.93
-6	99.56	101.47	97.65	102.25	103.71	100.78	101.43	102.28	100.58
-5	100.11	101.60	98.61	102.54	103.93	101.15	101.49	102.12	100.85
-4	100.73	102.11	99.36	102.59	103.75	101.44	101.85	102.42	101.29
-3	101.16	102.81	99.52	102.36	103.39	101.33	101.65	102.14	101.16
-2	101.73	103.49	99.98	101.68	102.43	100.93	101.65	102.04	101.26
-1	101.14	102.40	99.89	100.66	101.03	100.29	100.87	101.15	100.59
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
+1	101.64	103.33	99.95	100.54	100.82	100.25	101.02	101.35	100.70
+2	102.45	104.23	100.66	101.12	101.47	100.77	101.86	102.33	101.39
+3	102.35	103.79	100.92	101.51	102.03	100.99	102.65	103.13	102.16
+4	103.39	105.02	101.77	102.19	102.88	101.49	103.27	103.82	102.73
+5	103.74	105.22	102.26	102.67	103.38	101.96	104.05	104.58	103.53
+6	104.76	106.78	102.75	103.04	103.84	102.24	104.80	105.38	104.22
+7	104.80	106.29	103.31	103.69	104.71	102.66	105.75	106.42	105.07
+8	105.46	107.15	103.77	104.03	105.02	103.05	106.24	106.95	105.53
+9	106.20	107.85	104.54	104.59	105.76	103.42	106.77	107.51	106.02
+10	106.56	108.23	104.88	104.82	106.05	103.59	107.61	108.42	106.79
+11	107.04	108.77	105.31	105.76	108.16	103.36	108.27	109.13	107.41
+12	107.68	109.52	105.83	106.18	108.72	103.63	108.99	109.92	108.06
+13	108.14	109.99	106.29	106.54	109.30	103.79	109.61	110.66	108.57
+14	108.95	110.81	107.10	106.90	109.89	103.92	110.66	111.87	109.44
+15	109.59	111.46	107.72	107.07	110.30	103.85	111.39	112.69	110.09

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=19)	Pegged + 2 s.e.	Pegged - 2 s.e.	Flexible (n=78)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	98.70	104.78	92.63	97.47	100.21	94.72
-11	99.72	105.95	93.50	98.90	101.69	96.11
-10	101.12	107.38	94.86	99.72	102.23	97.20
-9	102.73	109.02	96.44	100.58	102.96	98.20
-8	104.59	110.76	98.43	101.72	104.02	99.42
-7	105.34	111.15	99.53	102.24	104.24	100.23
-6	105.80	111.02	100.59	103.15	104.88	101.41
-5	107.03	112.10	101.96	104.48	106.09	102.87
-4	106.61	111.26	101.96	105.44	106.84	104.03
-3	105.19	108.62	101.75	104.56	105.75	103.37
-2	103.89	107.07	100.71	103.87	104.87	102.88
-1	102.04	103.94	100.14	102.24	103.00	101.49
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00
+1	102.76	105.19	100.33	101.79	102.21	101.38
+2	103.66	105.90	101.41	103.34	103.91	102.76
+3	105.65	108.53	102.76	104.86	105.54	104.18
+4	107.81	111.47	104.15	106.43	107.32	105.55
+5	108.94	112.69	105.20	107.89	108.90	106.88
+6	110.20	114.24	106.16	108.81	109.95	107.66
+7	111.83	116.00	107.66	110.16	111.55	108.77
+8	113.75	118.36	109.14	111.36	112.93	109.79
+9	114.52	119.60	109.45	112.45	114.16	110.74
+10	115.64	120.89	110.40	113.51	115.30	111.72
+11	116.69	122.32	111.06	114.41	116.27	112.54
+12	117.19	123.48	110.90	115.77	117.76	113.77
+13	117.92	124.66	111.18	116.63	118.80	114.45
+14	119.44	126.51	112.37	117.91	120.31	115.51
+15	120.89	129.14	112.64	119.19	121.83	116.54

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=10)	Pegged + 2 s.e.	Pegged - 2 s.e.	Euro area (n=29)	Euro area + 2 s.e.	Euro area - 2 s.e.	Flexible (n=60)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	90.14	94.02	86.26	94.10	98.43	89.78	93.70	96.82	90.58
-11	90.70	94.49	86.91	96.36	100.53	92.20	94.60	97.57	91.64
-10	91.74	94.92	88.57	98.02	102.16	93.89	95.63	98.52	92.74
-9	92.21	95.05	89.38	99.67	104.10	95.24	95.65	98.62	92.69
-8	93.36	96.07	90.66	101.10	105.61	96.58	96.47	99.39	93.54
-7	94.68	97.52	91.84	102.13	106.91	97.35	97.94	100.85	95.02
-6	96.16	99.24	93.08	102.76	107.33	98.18	99.23	102.03	96.42
-5	97.33	100.37	94.30	104.23	109.03	99.43	100.30	103.01	97.60
-4	98.36	101.24	95.48	105.94	110.71	101.17	101.68	104.45	98.90
-3	98.87	101.56	96.19	105.87	110.00	101.73	101.85	104.38	99.33
-2	98.87	101.12	96.61	104.68	107.65	101.72	101.57	103.80	99.34
-1	99.52	100.75	98.28	101.10	102.50	99.71	100.19	101.63	98.76
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
+1	100.53	101.58	99.47	101.07	101.87	100.27	101.90	102.64	101.17
+2	101.58	103.65	99.51	103.97	105.60	102.35	103.85	104.89	102.82
+3	104.67	106.73	102.62	104.94	106.51	103.37	105.44	106.85	104.04
+4	105.60	108.30	102.90	107.19	109.23	105.16	107.52	109.14	105.91
+5	107.74	110.53	104.95	109.17	111.56	106.78	109.51	111.45	107.56
+6	108.66	111.72	105.60	110.71	113.39	108.02	110.94	113.19	108.69
+7	110.38	113.94	106.83	111.16	114.05	108.26	113.27	115.66	110.88
+8	112.89	117.37	108.41	112.84	115.55	110.13	114.20	116.63	111.78
+9	114.46	119.91	109.01	114.49	117.39	111.58	114.71	117.19	112.23
+10	116.24	122.50	109.97	116.08	119.04	113.12	115.82	118.52	113.12
+11	116.25	120.93	111.57	118.51	122.35	114.66	117.26	119.81	114.72
+12	116.85	120.64	113.06	120.00	124.00	115.99	118.78	121.52	116.04
+13	117.52	120.89	114.15	121.53	126.06	116.99	120.33	123.24	117.42
+14	121.58	128.72	114.44	122.33	127.11	117.55	121.55	124.75	118.35
+15	123.16	129.56	116.75	122.93	127.82	118.04	123.24	126.51	119.96

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=16)	Pegged + 2 s.e.	Pegged - 2 s.e.	Flexible (n=69)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	100.08	115.99	84.18	90.96	94.57	87.34
-11	102.33	118.70	85.97	92.14	95.61	88.67
-10	101.79	115.75	87.83	94.25	97.78	90.72
-9	104.65	119.50	89.80	95.80	99.43	92.17
-8	105.84	120.07	91.62	97.05	100.64	93.45
-7	107.76	120.55	94.98	98.19	101.67	94.71
-6	110.06	122.40	97.73	101.03	104.58	97.48
-5	110.72	122.58	98.85	103.94	107.81	100.07
-4	110.37	121.69	99.06	105.70	109.41	102.00
-3	109.11	119.49	98.74	105.95	110.06	101.85
-2	107.89	118.71	97.06	104.40	107.29	101.51
-1	105.03	111.35	98.71	101.90	104.55	99.25
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00
+1	105.76	115.00	96.53	102.21	103.58	100.84
+2	108.93	116.53	101.33	103.84	105.57	102.11
+3	111.77	120.60	102.93	106.96	108.91	105.01
+4	116.02	125.61	106.44	109.39	111.47	107.32
+5	118.68	127.94	109.41	112.54	114.77	110.32
+6	121.28	130.89	111.66	114.03	116.56	111.49
+7	123.92	134.11	113.72	116.98	120.03	113.94
+8	127.69	138.23	117.16	119.21	122.85	115.57
+9	129.20	140.44	117.96	121.41	125.06	117.75
+10	130.95	141.77	120.12	123.07	126.78	119.36
+11	134.10	146.08	122.12	123.62	127.55	119.69
+12	135.76	148.24	123.28	125.58	130.18	120.99
+13	136.88	149.80	123.96	127.99	132.46	123.53
+14	138.47	152.01	124.93	130.29	135.02	125.56
+15	139.70	151.92	127.48	131.38	136.41	126.36

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=10)	Pegged + 2 s.e.	Pegged - 2 s.e.	Euro area (n=29)	Euro area + 2 s.e.	Euro area - 2 s.e.	Flexible (n=60)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	95.52	98.33	92.70	100.37	103.18	97.55	100.02	102.65	97.38
-11	95.83	98.64	93.01	100.59	103.43	97.75	100.35	103.04	97.65
-10	96.36	99.33	93.38	101.31	103.94	98.67	100.50	102.89	98.10
-9	96.63	99.42	93.85	101.61	104.04	99.19	101.26	103.52	99.00
-8	97.21	99.76	94.65	101.61	104.00	99.22	101.70	103.51	99.89
-7	97.71	100.09	95.33	102.00	104.10	99.91	101.91	103.63	100.19
-6	98.62	100.65	96.58	101.87	103.45	100.30	102.10	103.41	100.79
-5	99.38	101.22	97.55	102.22	103.76	100.69	102.28	103.33	101.23
-4	99.93	101.40	98.47	101.71	103.04	100.39	102.32	103.30	101.34
-3	100.06	101.37	98.74	101.64	103.41	99.87	102.26	103.00	101.52
-2	100.13	101.10	99.15	101.23	102.30	100.15	101.54	102.11	100.96
-1	100.12	100.70	99.54	99.89	100.77	99.00	100.66	100.99	100.33
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
+1	100.54	101.06	100.01	99.74	100.46	99.01	100.36	100.71	100.00
+2	101.12	102.22	100.01	100.00	100.81	99.19	100.81	101.28	100.33
+3	101.38	102.25	100.51	100.06	101.10	99.01	101.56	102.22	100.90
+4	102.07	103.31	100.83	100.84	102.03	99.65	102.18	102.99	101.36
+5	102.50	104.07	100.94	101.18	102.08	100.28	103.17	104.07	102.27
+6	103.33	105.34	101.31	101.48	102.48	100.48	103.98	104.98	102.98
+7	103.62	105.63	101.61	101.92	103.22	100.61	104.61	105.70	103.52
+8	103.99	106.09	101.89	102.60	103.79	101.40	105.23	106.41	104.05
+9	104.79	106.98	102.59	103.25	104.78	101.72	106.10	107.43	104.78
+10	105.31	107.75	102.87	103.83	105.60	102.06	106.93	108.33	105.53
+11	106.18	109.27	103.10	104.14	105.91	102.36	107.86	109.33	106.39
+12	107.18	110.86	103.49	104.23	106.20	102.27	109.22	111.02	107.42
+13	107.85	111.81	103.89	104.64	106.99	102.29	110.11	111.95	108.28
+14	108.34	112.47	104.21	103.95	106.04	101.85	111.04	113.11	108.97
+15	108.71	113.10	104.32	104.45	106.93	101.98	112.06	114.42	109.69

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged (n=16)	Pegged + 2 s.e.	Pegged - 2 s.e.	Flexible (n=69)	Flexible + 2 s.e.	Flexible - 2 s.e.
-12	101.49	111.19	91.79	99.55	103.62	95.48
-11	102.44	112.92	91.95	101.02	105.17	96.87
-10	104.16	114.46	93.87	102.54	106.57	98.52
-9	105.77	116.08	95.45	103.70	107.57	99.83
-8	107.21	117.52	96.89	103.93	107.63	100.24
-7	108.59	118.39	98.80	105.03	108.63	101.43
-6	109.26	117.91	100.61	105.84	109.04	102.65
-5	110.72	118.36	103.09	107.10	110.15	104.06
-4	110.24	116.65	103.84	108.05	110.78	105.33
-3	107.37	111.78	102.96	106.92	109.05	104.80
-2	104.95	108.49	101.40	105.13	106.67	103.60
-1	102.39	104.38	100.41	102.30	103.17	101.42
0 (Trough)	100.00	100.00	100.00	100.00	100.00	100.00
+1	100.47	102.09	98.86	101.12	101.70	100.53
+2	102.11	103.85	100.37	102.51	103.41	101.60
+3	103.24	105.68	100.81	104.17	105.23	103.11
+4	104.81	108.27	101.35	106.37	107.77	104.98
+5	106.44	110.39	102.50	108.03	109.55	106.52
+6	108.50	113.38	103.61	109.59	111.54	107.65
+7	109.93	115.23	104.63	110.97	113.14	108.79
+8	112.56	119.27	105.84	112.50	114.92	110.07
+9	114.86	122.25	107.47	113.68	116.33	111.04
+10	115.27	122.96	107.59	114.97	117.65	112.30
+11	117.39	126.20	108.58	116.29	119.25	113.32
+12	118.11	128.01	108.20	118.01	120.91	115.10
+13	119.12	130.35	107.88	118.75	122.03	115.47
+14	119.83	131.95	107.71	119.96	123.37	116.54
+15	122.65	136.22	109.07	121.39	125.06	117.72

Thick lines are means. Thin lines denote two standard error bands.

Index: Trough = 100

Quarter Relative to Trough	Pegged pre-GFC (n=12)	Euro area post-GFC (n=29)	Flexible pre-GFC (n=52)	Flexible post-GFC (n=14)
-12	96.79	99.39	96.94	101.46
-11	97.18	100.16	97.46	101.90
-10	96.94	100.72	98.15	102.34
-9	98.04	101.21	98.72	102.46
-8	98.41	102.06	99.73	102.91
-7	98.81	102.10	100.14	103.26
-6	99.56	102.25	100.78	103.82
-5	100.11	102.54	100.99	103.33
-4	100.73	102.59	101.41	103.52
-3	101.16	102.36	101.25	103.14
-2	101.73	101.68	101.50	102.21
-1	101.14	100.66	100.83	101.02
0 (Trough)	100.00	100.00	100.00	100.00
+1	101.64	100.54	101.04	100.95
+2	102.45	101.12	101.94	101.54
+3	102.35	101.51	102.72	102.39
+4	103.39	102.19	103.28	103.22
+5	103.74	102.67	104.07	103.99
+6	104.76	103.04	104.87	104.54
+7	104.80	103.69	106.03	104.70
+8	105.46	104.03	106.54	105.11
+9	106.20	104.59	107.11	105.49
+10	106.56	104.82	108.06	105.95
+11	107.04	105.76	108.70	106.67
+12	107.68	106.18	109.54	106.96
+13	108.14	106.54	110.24	107.28
+14	108.95	106.90	111.43	107.80
+15	109.59	107.07	112.17	108.30

Index: Trough = 100

Quarter Relative to Trough	Pegged pre-GFC (n=13)	Pegged post-GFC (n=6)	Flexible pre-GFC (n=57)	Flexible post-GFC (n=21)
-12	96.32	103.46	98.38	95.42
-11	97.01	105.16	99.79	96.87
-10	97.79	107.78	100.49	97.91
-9	99.57	109.07	101.02	99.51
-8	101.77	110.23	101.91	101.25
-7	102.56	111.37	102.33	101.99
-6	103.50	110.80	103.11	103.24
-5	104.90	111.65	104.42	104.63
-4	104.39	111.41	105.36	105.63
-3	104.60	106.47	104.34	105.15
-2	103.99	103.67	103.81	104.05
-1	102.12	101.87	102.39	101.83
0 (Trough)	100.00	100.00	100.00	100.00
+1	103.39	101.40	101.85	101.64
+2	104.55	101.72	103.40	103.16
+3	107.08	102.55	104.97	104.56
+4	109.41	104.32	106.48	106.29
+5	110.49	105.59	107.85	108.00
+6	111.64	107.07	108.74	108.99
+7	113.60	107.98	110.08	110.39
+8	115.59	109.76	111.27	111.60
+9	116.68	109.85	112.48	112.37
+10	118.06	110.42	113.60	113.26
+11	119.13	111.41	114.63	113.81
+12	119.94	111.23	115.76	115.79
+13	120.78	111.71	116.62	116.65
+14	122.84	112.08	118.03	117.56
+15	124.11	112.52	119.43	118.50

Index: Trough = 100

Quarter Relative to Trough	Pegged pre-GFC (n=10)	Euro area post-GFC (n=29)	Flexible pre-GFC (n=46)	Flexible post-GFC (n=14)
-12	90.14	94.10	90.59	103.90
-11	90.70	96.36	91.88	103.54
-10	91.74	98.02	92.50	105.93
-9	92.21	99.67	93.24	103.58
-8	93.36	101.10	93.56	106.01
-7	94.68	102.13	95.14	107.13
-6	96.16	102.76	96.38	108.60
-5	97.33	104.23	97.27	110.26
-4	98.36	105.94	98.80	111.13
-3	98.87	105.87	99.03	111.13
-2	98.87	104.68	99.62	107.97
-1	99.52	101.10	99.25	103.31
0 (Trough)	100.00	100.00	100.00	100.00
+1	100.53	101.07	101.76	102.37
+2	101.58	103.97	103.55	104.85
+3	104.67	104.94	105.01	106.86
+4	105.60	107.19	107.20	108.56
+5	107.74	109.17	109.41	109.80
+6	108.66	110.71	110.64	111.93
+7	110.38	111.16	113.12	113.75
+8	112.89	112.84	114.48	113.31
+9	114.46	114.49	115.28	112.85
+10	116.24	116.08	116.37	114.00
+11	116.25	118.51	117.81	115.46
+12	116.85	120.00	119.70	115.77
+13	117.52	121.53	121.39	116.86
+14	121.58	122.33	122.88	117.19
+15	123.16	122.93	124.75	117.91

Index: Trough = 100

Quarter Relative to Trough	Pegged pre-GFC (n=10)	Pegged post-GFC (n=6)	Flexible pre-GFC (n=48)	Flexible post-GFC (n=21)
-12	96.06	105.44	87.16	98.19
-11	99.24	106.45	88.56	99.14
-10	96.24	110.11	89.75	103.25
-9	98.96	113.20	91.42	104.78
-8	101.85	111.84	91.92	107.79
-7	102.40	116.71	93.48	108.08
-6	104.48	119.37	96.55	110.64
-5	106.68	117.44	100.14	112.26
-4	107.51	115.15	102.02	113.76
-3	106.83	112.93	102.33	114.05
-2	108.49	106.88	101.53	110.83
-1	106.03	103.35	100.93	104.06
0 (Trough)	100.00	100.00	100.00	100.00
+1	108.00	102.03	102.26	102.09
+2	111.20	105.14	103.35	104.96
+3	112.52	110.51	106.42	108.18
+4	116.23	115.68	108.46	111.52
+5	117.46	120.70	112.15	113.44
+6	120.13	123.19	113.76	114.64
+7	124.34	123.22	117.24	116.39
+8	127.35	128.27	118.96	119.78
+9	130.62	126.84	121.44	121.33
+10	131.98	129.22	123.10	123.00
+11	136.36	130.32	123.91	122.96
+12	137.96	132.09	125.78	125.12
+13	138.42	134.31	128.62	126.49
+14	141.08	134.12	131.80	126.67
+15	142.21	135.52	133.35	126.67

Index: Trough = 100

Quarter Relative to Trough	Pegged pre-GFC (n=10)	Euro area post-GFC (n=29)	Flexible pre-GFC (n=46)	Flexible post-GFC (n=14)
-12	95.52	100.37	98.47	105.12
-11	95.83	100.59	98.66	105.87
-10	96.36	101.31	98.96	105.54
-9	96.63	101.61	99.84	105.91
-8	97.21	101.61	100.56	105.44
-7	97.71	102.00	100.89	105.25
-6	98.62	101.87	101.34	104.59
-5	99.38	102.22	101.97	103.30
-4	99.93	101.71	102.01	103.34
-3	100.06	101.64	101.93	103.34
-2	100.13	101.23	101.42	101.91
-1	100.12	99.89	100.67	100.63
0 (Trough)	100.00	100.00	100.00	100.00
+1	100.54	99.74	100.12	101.15
+2	101.12	100.00	100.61	101.46
+3	101.38	100.06	101.43	101.97
+4	102.07	100.84	101.92	103.01
+5	102.50	101.18	102.96	103.89
+6	103.33	101.48	103.74	104.76
+7	103.62	101.92	104.53	104.89
+8	103.99	102.60	105.10	105.65
+9	104.79	103.25	106.11	106.07
+10	105.31	103.83	106.93	106.92
+11	106.18	104.14	107.84	107.91
+12	107.18	104.23	109.49	108.31
+13	107.85	104.64	110.57	108.62
+14	108.34	103.95	111.63	109.12
+15	108.71	104.45	112.64	110.00

Index: Trough = 100

Quarter Relative to Trough	Pegged pre-GFC (n=10)	Pegged post-GFC (n=6)	Flexible pre-GFC (n=48)	Flexible post-GFC (n=21)
-12	94.76	110.47	102.45	94.03
-11	95.00	112.35	103.84	95.52
-10	96.48	115.68	105.36	96.91
-9	98.82	116.19	106.13	98.73
-8	100.93	116.63	105.58	100.49
-7	102.23	119.20	106.59	101.75
-6	103.70	118.52	107.03	103.30
-5	106.07	118.47	107.84	105.49
-4	106.47	116.53	108.84	106.33
-3	105.36	110.71	107.27	106.15
-2	104.16	106.26	105.23	104.92
-1	102.66	101.94	102.35	102.16
0 (Trough)	100.00	100.00	100.00	100.00
+1	100.44	100.52	101.17	100.99
+2	102.57	101.35	102.73	102.01
+3	104.07	101.88	104.46	103.50
+4	106.13	102.61	106.69	105.65
+5	107.77	104.24	108.21	107.63
+6	109.87	106.21	109.52	109.75
+7	111.54	107.25	110.95	111.00
+8	114.37	109.53	112.59	112.28
+9	116.89	111.48	113.67	113.71
+10	117.76	111.14	115.07	114.75
+11	120.00	113.04	116.85	114.99
+12	120.94	113.38	117.98	118.08
+13	122.93	112.76	118.79	118.65
+14	124.43	112.17	119.89	120.11
+15	127.58	114.42	121.34	121.50

Board of Governors of the Federal Reserve System

Accessible Version

Recoveries and Trade: Does the Exchange Rate Regime Matter?, Accessible Data

Figure 1. AE GDP

Figure 2. AE GDP

Figure 3. EME GDP

Figure 4. AE Exports

Figure 5. EME Exports

Figure 6. AE Private Domestic Demand

Figure 7. EME Private Domestic Demand

Figure 8. AE GDP

Figure 9. EME GDP

Figure 10. AE Exports

Figure 11. EME Exports

Figure 12. AE Private Domestic Demand

Figure 13. EME Private Domestic Demand