Similar Search Results

Monetary Policy in an Era of Global Supply Chains

Wei, Shang-Jin - 2020

We study the implications of global supply chains for the design of monetary policy, using a small-open economy New Keynesian model with multiple stages of production. Within the family of simple monetary policy rules with commitment, a rule that targets separate producer price inflation at...

Persistent link: https://www.econbiz.de/10012479127

Conceptual Aspects of Global Value Chains

Antràs, Pol - 2019

I offer an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). I outline a series of alternative interpretations and definitions of what the rise of GVCs entails, and I trace the implications of these alternative conceptualizations for the measurement...

Persistent link: https://www.econbiz.de/10012480483

Global Supply Chains in the Pandemic

Bonadio, Barthélémy - 2020

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 home, interacted with the stringency with which...

Persistent link: https://www.econbiz.de/10012481807

Trading Tasks : A Simple Theory of Offshoring

Grossman, Gene M. - 2006

For centuries, most international trade involved an exchange of complete goods. But, with recent improvements in transportation and communications technology, it increasingly entails different countries adding value to global supply chains, or what might be called "trade in tasks." We propose a...

Persistent link: https://www.econbiz.de/10012465939

Global Value Chains

Antràs, Pol; Chor, Davin - National Bureau of Economic Research - 2021

This paper surveys the recent body of work in economics on the importance of global value chains (GVCs) in shaping international trade flows and multinational activity. On the empirical front, we begin reviewing several variants of the "macro approach" to measuring the relevance of global...

Persistent link: https://www.econbiz.de/10012496102

Technology and Production Fragmentation : Domestic versus Foreign Sourcing

Fort, Teresa C. - 2016

strategies. Using new data on U.S. firms' decisions to contract for manufacturing services from domestic or foreign suppliers, I …

Persistent link: https://www.econbiz.de/10012456129

Global Supply Chains and Trade Policy

Blanchard, Emily J. - 2016

How do global supply chain linkages modify countries' incentives to impose import protection? Are these linkages empirically important determinants of trade policy? To address these questions, we introduce supply chain linkages into a workhorse terms-of-trade model of trade policy with political...

Persistent link: https://www.econbiz.de/10012456789

Global Supply Chains, Currency Undervaluation, and Firm Protectionist Demands

Jensen, J. Bradford - 2013

the U.S. despite increased import competition and ongoing currency undervaluation. To explain firm responses to … with undervalued exchange rates will lead to fewer antidumping filings. Examining the universe of U.S. manufacturing firms … undervalued currencies significantly decrease (increase) the likelihood of U.S. antidumping petitions. Our study highlights the …

Persistent link: https://www.econbiz.de/10012459423

Supply-Chain Trade : A Portrait of Global Patterns and Several Testable Hypotheses

Baldwin, Richard - 2013

The trade linked to international production networks - supply-chain trade for short - is associated with momentous global economic changes. This paper presents a portrait of the global pattern of supply-chain trade and how it has evolved since 1995. The paper draws on a variety of data sources...

Persistent link: https://www.econbiz.de/10012459705

Tracing Value-added and Double Counting in Gross Exports

Koopman, Robert - 2012

This paper proposes a framework for gross exports accounting that breaks up a country's gross exports into various value-added components by source and additional double counted terms. By identifying which parts of the official trade data are double counted and the sources of the double...

Persistent link: https://www.econbiz.de/10012460081