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

with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through … international trade and global value chains (GVCs). We find moderate welfare losses in most countries outside of China, while a few … (in contrast to final goods trade) in transmitting the shock. In a hypothetical world without GVCs, the welfare loss due …

of the disruption in production that started in China and then quickly spread across the world. We find that the COVID-19 … shock has a considerable impact on most economies in the world, especially when a share of the labor force is quarantined …

We examine the supply-side characteristics - unskilled labor, imported input intensity, dependence on inputs from China … between exporter and importer countries. Higher reliance on foreign inputs, on China as input supplier, on unskilled labor and …