We provide theory and evidence on the relationship between globalization and pandemics.
Business travel facilitates trade and travel leads to human interactions that transmit disease …

Recent disruptions to global value chains (GVCs) have raised an important question: Can
decoupling from GVCs increase a country's welfare by reducing its exposure to foreign …

The economic disruptions experienced during the COVID-19 pandemic and Russia's
invasion of Ukraine have generated a narrative of resilience and deglobalization that brings …

We develop a multisector, open economy, New Keynesian framework to evaluate how
potentially binding capacity constraints, and shocks to them, shape inflation. We show that …

We study the effects of international supply chain disruptions on real economic activity and
prices during the Covid-19 pandemic. We show that US sectors with a high exposure to …

We provide stylized facts on the short-run resilience of exports to the COVID-19 pandemic
across product characteristics. Relying on global monthly product-level exports to the United …

This paper provides new evidence on the reorganization of global production exploiting a
novel dataset of Italian multinational firms surveyed throughout 2020 and 2021 as well as …

A rapidly growing literature investigates how the recent Covid-19 pandemic has affected
international seafood trade along multiple dimensions, creating opportunities as well as …

To curb the effect of the Covid-19 pandemic on public health, many countries around the
world introduced lockdown policies in 2020. We estimate the effect of these lockdowns on …

Supply chain disruptions have recently been at the center of both academic and policy
debates. After reviewing some of the emerging literature on supply chain disruptions, we …