Time to Ship During Financial Crises

Nicolas Berman, José De Sousa, Philippe Martin, Thierry Mayer

NBER Working Paper No. 18274
Issued in August 2012

---- Acknowledgments ----

We thank the International Growth Centre (LSE and Oxford University) for financial help. We thank Francesco Giavazzi, Nicolas Schmitt, Helene Rey and Cedric Tille as well as participants at the 2012 NBER ISOM conference in Oslo, CREI, UAB, ITAM and at Colegio de Mexico for helpful comments. We are grateful to Jules Hugot and Jules-Daniel Wurlod for excellent research assistance. We are most thankful to James Feyrer who generously shared with us his dataset on time-to-ship. Philippe Martin thanks CREI at Pompeu Fabra for its hospitality. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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