done on a panel of 103 countries over the period 1979–2016. We find that in the five years following a large earthquake (i …) countries exposed accumulate reserves, for precautionary reasons, (ii) trade openness is positively associated with the post-earthquake …/or inflation targeting regimes, and (iv) the patterns of reserves holding post-earthquake vary with a country’s income level …

shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined … networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral … of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 …

(in contrast to final goods trade) in transmitting the shock. In a hypothetical world without GVCs, the welfare loss due … with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through … countries even gain from the shock due to trade diversion. As a key methodological contribution, we quantify the role of GVCs …

. The MP links significantly amplified the impact of these shocks on the rest of the world, which had a much greater impact …