Global Supply Chain Pressures International Trade And Inflation
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| Author | : Julian Di Giovanni |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : Business logistics |
| ISBN | : |
"We study the effects of the Covid-19 pandemic on the Euro Area inflation in comparison to other countries such as the United States over the two year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects – the switch from services to goods consumption – are amplified through global input-output linkages, affecting both trade and inflation. 2) International trade did not respond to changes in GDP as strongly as it did during the 2008-09 crisis despite strong demand for goods. These lower trade elasticities in part reflect supply chain bottlenecks. 3) Inflation can be higher under sector-specific labor shortages relative to a scenario with no such supply shocks. 4) Foreign shocks and global supply chain bottlenecks played an outsized role relative to domestic aggregate demand shocks in explaining Euro Area inflation over 2020-21. These four results imply that policies aimed at stimulating aggregate demand would not have produced as high an inflation as the one observed in the data without the negative sectoral supply shocks."--Abstract.
| Author | : Julian di Giovanni |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : Business logistics |
| ISBN | : |
"We study the effects of the Covid-19 pandemic on the Euro Area inflation in comparison to other countries such as the United States over the two year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects – the switch from services to goods consumption – are amplified through global input-output linkages, affecting both trade and inflation. 2) International trade did not respond to changes in GDP as strongly as it did during the 2008-09 crisis despite strong demand for goods. These lower trade elasticities in part reflect supply chain bottlenecks. 3) Inflation can be higher under sector-specific labor shortages relative to a scenario with no such supply shocks. 4) Foreign shocks and global supply chain bottlenecks played an outsized role relative to domestic aggregate demand shocks in explaining Euro Area inflation over 2020-21. These four results imply that policies aimed at stimulating aggregate demand would not have produced as high an inflation as the one observed in the data without the negative sectoral supply shocks."--Abstract.
| Author | : Zo Andriantomanga |
| Publisher | : International Monetary Fund |
| Total Pages | : 41 |
| Release | : 2023-02-24 |
| Genre | : Business & Economics |
| ISBN | : |
The Covid-19 pandemic has led to a large disruption of global supply chains. This paper studies the implications of supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global supply chains and adjusting the monetary policy stance before the disruptions have fully passed through into all inflation components. The gains from monitoring supply chain disruptions are particularly large for open economies which tend to experience outsized second-round effects on the prices of non-tradable goods and services.
| Author | : Mr.Tamim Bayoumi |
| Publisher | : International Monetary Fund |
| Total Pages | : 41 |
| Release | : 2019-09-13 |
| Genre | : Business & Economics |
| ISBN | : 1513515063 |
The rise of global supply chains has had profound effects on individual economies and the global trading system, thereby complicating standard macroeconomic analyses. For many of the new and challenging questions brought about by this phenomenon, such as its impact on the global business cycle and measurements of competitiveness, the answer largely depends on one specific aspect of global value chains: how easily they can re-configure in response to changes in prices. We propose a parsimonious, generalized specification to test the degree of global-supply-chain flexibility. Our estimates show that, in the short run, the production structure is highly inflexible, and that this rigidity has, if anything, risen over time as supply chains have deepened over time. This finding is robust to alternative price measures, including those that account for the U.S. dollar’s outsized role in trade through invoicing. While in the long run all estimated elasticities rise, supply chains remain somewhat inflexible. Our results have implications for analyses of cross-country business-cycle dynamics, the propagation of sectoral shocks, and the measurement of international competitiveness.
| Author | : Albert Park |
| Publisher | : |
| Total Pages | : 234 |
| Release | : 2013 |
| Genre | : Business & Economics |
| ISBN | : |
The many manifestations of international production sharing have become the organizing theme for practically any discussion on production, trade, investment, development and international economic cooperation more generally. GVCs are at the economic heart of globalization. Policies of governments are central to outcomes, influencing the establishment, configuration and operation of GVCs in numerous ways. Technological possibilities and firm behaviour are also crucial determinants of what happens in the supply chain world. Global value chains (GVCs) have become ubiquitous. The literature that attempts to understand and explain GVCs is vast, multi-disciplinary and no less complex than the phenomenon itself. This volume is an ambitious attempt at a fairly comprehensive review of literature on the subject. --Publisher description.
| Author | : Wolfgang Lehmacher |
| Publisher | : Springer |
| Total Pages | : 179 |
| Release | : 2017-01-28 |
| Genre | : Business & Economics |
| ISBN | : 3319511157 |
This book provides readers an in-depth understanding of the inner mechanisms and principles of the global supply chain. Authored by the Head of Supply Chain and Transport Industries at the World Economic Forum, it draws on a wealth of operational and managerial expertise in the global supply chain industry that drive the world’s economies. The book analyzes the importance and impact of globally networked sourcing, production and distribution, and presents detailed information on the opportunities, limitations and challenges of linear value and supply chain systems. Building on a series of recent industry cases and with a focus on the latest developments in actual business processes and models, it reveals how the transformation toward circular supply chains and regenerative resource management forms the basis for success and sustainability in business. “The book brings together technical, social, political, and geographical trends, suggesting how supply chain management can lead the quest for many of the world’s most pressing challenges.” Yossi Sheffi, Professor of Engineering, MIT, Head, MIT Center for Transportation and Logistics “This book provides an essential roadmap, guiding the reader easily through complex developments and concepts.” John Manners-Bell, CEO Transport Intelligence and Honorary Visiting Professor, Guildhall Business School, London “With strategic foresight, Lehmacher develops a vision of a circular economy within which consumer, manufacturer and logistics companies assume collective responsibility for sustainable value creation.” Alfred Talke, Group Managing Director ALFRED TALKE Logistic Services “Those who are active in logistics and supply chain management, in practice or academia, will discover a fresh view on the whole field of activity beyond the day-to-day-business.” Prof. Dr.-Ing. Thomas Wimmer, Chairman of the Executive Board, BVL International
| Author | : Di Fan |
| Publisher | : Springer Nature |
| Total Pages | : 67 |
| Release | : 2023-10-01 |
| Genre | : Business & Economics |
| ISBN | : 3031424182 |
This book provides an in-depth exploration of the complexities surrounding supply chain globalization, de-globalization, and the prospective re-globalization. It not only presents the interplay of these phenomena but also navigates their root causes through the lens of organizational, economic and political theories. The analysis spans across multiple fields, enabling readers to grasp the full breadth and depth of the dynamics at play. In this book, you'll delve into the intricacies of global sourcing and production. These discussions will help you understand the layers of complexities inherent in managing global supply chains. You'll explore the risks and uncertainties associated with international supply chain operations, gaining insight into building resilient and adaptive systems capable of thriving amidst constant change. You'll also learn about the sustainability challenges emerging within the global supply chain environment. How can firms ensure that their supply chains remain economically viable, socially responsible, and environmentally friendly? These and other topics find their discussions in the pages of this book. This book offers considerable value for various readers. Students at both undergraduate and postgraduate levels can gain essential understanding of concepts and phenomena related to supply chain globalization. Operational managers can find practical implications and strategies for managing their global supply chains amidst an unpredictable international trade environment. Finally, the book doesn't only focus on the present. It forecasts potential future developments and proposes new research directions in the fields of supply chain management, strategic management, and international business. Thus, it's also an indispensable resource for scholars seeking fresh perspectives and avenues for exploration.
| Author | : James Rickards |
| Publisher | : Penguin |
| Total Pages | : 273 |
| Release | : 2022-12-06 |
| Genre | : Business & Economics |
| ISBN | : 0593542320 |
From the man who predicted the worst economic crisis in US history comes Jim Rickards’ second prediction – the collapse of our global economy. The supply chain crisis is coming to a head. Today, your favorite products are missing from store shelves, caught in supply chain limbo somewhere in the Pacific Ocean. But what does this supply chain disruption look like six months, or even three years, from now? While we hope that post-pandemic recovery will absolve these issues, the reality is that digital currency, meme stonks, and social media can’t solve the age-old problem of producing and moving physical goods across oceans and continents. According to Jim Rickards, consumer frustration is only the tip of a very large, menacing iceberg that threatens global economic collapse. In Sold Out, Rickards shares his predictions for our post-pandemic future and outlines how consumers and business owners can get ahead of the collapse. You’ll learn how energy shortages in China – fueled by the trade war with Australia – are disrupting the steel market and forcing entire factories to shut down. You’ll also learn how rising inflation will ultimately lead to deflation in a few short years – as consumer spending eventually tanks due to higher taxes, excessive debt, and increased layoffs – and why such economic conditions will closely resemble the 1930s. Finally, Rickards will look at the future of money, including the erasure of the American dollar itself. Our global economy faces unprecedented challenges in the next few months. But whether we sink or swim depends on how prepared we are – and what we do now to thwart the coming collapse.
| Author | : David Finck |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : |
| ISBN | : 9789523234291 |
Highly interconnected global supply chains make countries vulnerable to sup ply chain disruptions. This paper estimates the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines busi ness cycle variables with data from international container trade. Using a novel identification scheme, we augment conventional sign restrictions on the impulse responses by narrative information about three episodes: the Tohoku earthquake ̄ in 2011, the Suez Canal obstruction in 2021, and the Shanghai backlog in 2022. We show that a global supply chain shock causes a drop in euro area real economic activity and a strong increase in consumer prices. Over a horizon of one year, the global supply chain shock explains about 30% of inflation dynamics. We also use regional data on supply chain pressure to isolate shocks originating in China. Our results show that supply chain disruptions originating in China are an important driver for unexpected movements in industrial production, while disruptions originating outside China are an especially important driver for the dynamics of consumer prices.
| Author | : Thomas A. Cook |
| Publisher | : CRC Press |
| Total Pages | : 209 |
| Release | : 2010-11-17 |
| Genre | : Business & Economics |
| ISBN | : 104008236X |
An expert on global supply chain management, Tom Cook is the recipient of numerous accolades, including an International Partnership Award bestowed by President Bill Clinton. In this book, Cook provides a blueprint for executing a compliant and cost-effective global trade program. Covering best practices for outbound and inbound logistics, the book identifies traditional and emerging complications, details solutions for building and securing the global supply chain, and includes compliance information organized by government agency. It also provides proven approaches for billing and record keeping, and discusses prevalent homeland security issues.
