combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy …. Firms import intermediate inputs from home or foreign suppliers, but with higher costs in the latter case. Due to fixed … costs of ordering firms hold an inventory of intermediates. We show that in response to an uncertainty shock firms optimally …

combines the uncertainty shock idea of Bloom (2009) with a model of trade, extending the idea to the open economy. Firms import … hold an inventory of intermediates. In response to an uncertainty shock firms optimally adjust their inventory by cutting … international trade flows than in domestic activity. We confront the model with newly-compiled U.S. import data and industrial …

combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy …. Firms import intermediate inputs from home or foreign suppliers, but with higher costs in the latter case. Due to fixed … costs of ordering firms hold an inventory of intermediates. We show that in response to an uncertainty shock firms optimally …

combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy …. Firms import intermediate inputs from home or foreign suppliers, but with higher costs in the latter case. Due to fixed … costs of ordering firms hold an inventory of intermediates. We show that in response to an uncertainty shock firms optimally …

exogenous countries, and develops new indices to measure the degree of shock transmission in terms of intermediate goods and … value-added embodied in production induced by negative global demand shock to finished goods. After the Global Financial … substantial decline in finished goods exports, especially in the transport equipment industry. In Japan, the shock effect tends to …