Recent decades have seen the emergence of global value chains (GVCs), in which
production stages for individual goods are broken apart and scattered across countries …

We investigate how multinational firms contribute to the transmission of shocks across
countries using a large multicountry firm-level data set that contains cross-border ownership …

We study the role of global supply chains in the impact of the Covid-19 pandemic on GDP
growth using a multi-sector quantitative framework implemented on 64 countries. We …

How do firms in global value chains react to input shortages? We examine micro-level
adjustments to supply chain shocks, building on the Covid-19 pandemic as a case study …

Exploiting the exogenous and regional nature of the Great East Japan Earthquake of 2011,
this article provides a quantification of the role of input-output linkages as a mechanism for …

Using novel firm-level microdata and leveraging a natural experiment, this paper provides
causal evidence for the role of trade and multinational firms in the cross-country …

I quantify the contribution of sectoral shocks to business cycle fluctuations in aggregate
output. I develop and estimate a multi-industry general equilibrium model in which each …

We develop a dynamic multicountry general equilibrium model to investigate forces acting
on the global economy during the Great Recession and ensuing recovery. Our multisector …

Production systems, traditionally analyzed as almost independent national systems, are
increasingly connected on a global scale. Only recently becoming available, the World Input …

This paper investigates the role of individual firms in international business-cycle
comovement using data covering the universe of French firm-level value added and …