Discussion Paper
How Do Trade Disruptions Affect Inflation?
Abstract: After decades of increasing global economic integration, trade as a share of world GDP peaked before the Global Financial Crisis and has since plateaued. Since the late 2010s, tariffs and restrictions on U.S.–China trade, supply chain bottlenecks associated with the COVID-19 pandemic, and Russia's invasion of Ukraine have all raised the cost of and added barriers to trade.
https://doi.org/10.17016/2380-7172.3664
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2025-02-28
Number: 2025-02-28-1