Many firms, banks, or other economic agents embedded in a network of codependencies
may experience a contemporaneous, sharp drop in functionality or productivity following a …

We investigate the impacts of COVID‐19 on global value chains by examining bilateral trade
in finished machinery products from January to June in both 2019 and 2020. We use the …

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 …

We study the effects of becoming a supplier to multinational corporations (MNCs) using tax
data tracking firm-to-firm transactions in Costa Rica. Event study estimates reveal that …

How should policymakers respond to the recent surge in inflation? This paper examines the
impact of global supply chain pressures on euro area inflation and the implications for …

We discuss and review literature on the macroeconomic effects of epidemics and pandemics
since the late twentieth century. First, we cover the role of health in driving economic growth …

Using data on bank-firm relationships in Italy during the Eurozone financial crisis, we show
that:(i) compared to healthy banks, under-capitalised banks cut credit to healthy but not to …

This paper examines the supply chain effects of the most damaging cyberattack in history so
far. The attack propagated from the directly hit firms to their customers, causing a four-fold …

We model the production of complex goods in a large supply network. Each firm sources
several essential inputs through relationships with other firms. Individual supply …

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 …