Bai, Xiwen; Fernández-Villaverde, Jesús; Li, Yiliang; … - 2024
We study the causal effects and policy implications of global supply chain disruptions. We construct a new index of … supply chain disruptions from the mandatory automatic identification system data of container ships, developing a novel … productive capacity with congestion in the goods market and the responses of output and prices to supply chain shocks. The co …