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 …

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 …

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

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 …

El shock de la COVID-19 fue una crisis importante y traumática para América Latina y el
Caribe. La pandemia provocó en la región lo que anteriormente he denominado una “triple …

In 2016 Alibaba founder Jack Ma founded eWTP as both a commercial and a digital world
trade lobbying platform. COVID-19 provided an important window for eWTP to demonstrate …

We provide one of the first estimates of elasticities of substitution across suppliers within the
same product. We estimate these elasticities using new real-time administrative tax data on …

The COVID-19 shock was a significant and traumatic crisis for Latin America and the
Caribbean. The pandemic dealt the region what I previously described as an unprecedented …

This paper examines the contribution of several supply factors to US headline inflation since
the start of the COVID-19 pandemic. We identify six supply shocks using a structural VAR …

After the pandemic-induced recession in 2020, fiscal policy helped raise gross domestic
product (GDP) above pre-pandemic levels. But as output and employment have grown, so …