We study the role of global supply chains in the impact of the Covid-19 pandemic on GDP growth for 64 countries. We … discipline the labor supply shock across sectors and countries using the fraction of work in the sector that can be done from … shock is expected to be - 29:6%, with one quarter of the total due to transmission through global supply chains. However …

high pricing power increased product markups in sectors witnessing high demand. Eventually, even though supply …We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce … the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation …

demand is a key factor in deviations from the steady-state growth path with a Keynesian-type spending multiplier despite the …

of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the … for capturing salient features of housing demand observed in the PSID. After estimating the model we use it to simulate …

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … using current-period shocks that give rise to exogenous shifts in supply. Supply is identified using past shocks, which …

in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and …. Because there is heterogeneity among buyers in the valuation of a given house, sellers set prices strategically. When demand …

crisis, we observe (not estimate) limit order demand and supply curves for individual stocks. Both curves have demonstrably … demand curve, it tends simultaneously to exhibit an unusually inelastic supply curve, and vice versa. These findings have … financial variables revert to pre-crisis norms. Superimposed upon this common long-term modulation, individual stocks' supply …

demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product … availability every four hours. The data allow us to account for product availability when estimating demand, and provides a … availability even when availability is only observed periodically. We find significant differences in demand estimates, with the …

economic analyses of supply, demand and harms …

equilibrium approach that considers both demand and supply responses. We demonstrate that the equilibrium impact of capital gains … taxes reflects both the capitalization effect (i.e., capital gains taxes decrease demand) and the lock-in effect (i ….e., capital gains taxes decrease supply). Depending on time periods and stock characteristics, either effect may dominate. Using …