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Breaking bad : supply chain disruptions in a streamlined agent based model
Delli Gatti, Domenico; Grugni, Elisa - 2021
-stream firms. We consider two scenarios. In the first one, because of the lockdown all the upstream firms are forced to cut … production. This generates a sizable down-turn during the lockdown due to the indirect effects of the shock (network based … financial accelerator). In the second scenario, only those upstream firms located in the "red zone" are forced to contract …
Persistent link: https://www.econbiz.de/10012508657
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The causal effects of global supply chain disruptions on macroeconomic outcomes : evidence and theory
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 spatial clustering algorithm that determines real-time...
Persistent link: https://www.econbiz.de/10014469003
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Labor market effects of global supply chain disruptions
Ulate, Mauricio; Vasquez, Jose; Zarate, Roman D. - 2023
We examine the labor market consequences of recent global supply chain disruptions induced by COVID-19. Specifically, we consider a temporary increase in international trade costs similar to the one observed during the pandemic and analyze its effects on labor market outcomes using a...
Persistent link: https://www.econbiz.de/10014228553
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Supply chain reliability and international economic growth : impacts of disruptions like COVID-19
Goel, Rajeev K.; Saunoris, James W.; Goel, Srishti S. - 2020
the challenges posed by the coronavirus crisis. This paper uses data over a recent decade for more than 130 nations to … growth, labor quality, are positive and in line with the extant literature. A simulation exercise discussed some supply chain …
Persistent link: https://www.econbiz.de/10012219347
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The financial accelerator in the euro area : new evidence using a mixture VAR model
Bennani, Hamza; Neuenkirch, Matthias - 2020
, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …
Persistent link: https://www.econbiz.de/10012383710
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Risk-sharing and contagion in networks
Cabrales, Antonio; Gottardi, Piero; Vega-Redondo, Fernando - 2014 - This version: January 15, 2014
We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays "fat" tails, extreme segmentation into small components is optimal, while minimal...
Persistent link: https://www.econbiz.de/10010260030
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Where is the value added? : trade liberalization and production networks
Aichele, Rahel; Heiland, Inga - 2016
Fragmentation of the global value chain makes it difficult to assess the effects of trade liberalization on the global pattern of production. Gross bilateral trade ows no longer reveal a country's or a sector's value added contribution. Yet, it is value added that matters for employment and...
Persistent link: https://www.econbiz.de/10011517926
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The network origins of the gains from trade
Bosker, Maarten; Westbrock, Bastian - 2019
In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and introduce a novel comparative statics approach to...
Persistent link: https://www.econbiz.de/10011986141
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V for vaccines and variants
Delli Gatti, Domenico; Reissl, Severin; Turco, Enrico - 2021
We employ a new version of the ABC macro-epidemiological agent based model presented in Delli Gatti and Reissl (2020) to evaluate the effects of vaccinations and variants on the epidemic and macroeconomic outlook. Vaccination plays the role of a mitigating factor, reducing the frequency and the...
Persistent link: https://www.econbiz.de/10012619411
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ABC : an agent based exploration of the macroeconomic effects of Covid-19
Delli Gatti, Domenico; Reissl, Severin - 2020
lockdown scenario the model is able to closely reproduce the epidemiological dynamics of the first wave of the coronavirus … effective policy tools to alleviate the economic impact of the epidemic and the lockdown. …
Persistent link: https://www.econbiz.de/10012387645