Journal Article
Supply Chain Bottlenecks and Inflation: The Role of Semiconductors
Leibovici, Fernando; Dunn, Jason (2021-12-16)
Semiconductor shortages might be exacerbating supply chain bottlenecks, further fueling inflation.
Economic Synopses , Issue 28 , Pages 1-2

Journal Article
A Shutoff of Russian Natural Gas
Neely, Christopher J.; Dunn, Jason (2022-11-17)
A shutoff of Russian natural gas to Europe will produce heterogenous effects that reflect local winter weather, national dependence on such flows, and policy responses.
Economic Synopses , Issue 29 , Pages 1-2

Journal Article
Systemic Financial Risks, Macroprudential Tools and Monetary Policy
Neely, Christopher J.; Dunn, Jason (2023-07-10)
An analysis describes macroprudential tools used to reduce systemic financial risks and examines how such tools could be useful adjuncts to monetary policy.
The Regional Economist

Shipping Disruptions in the Red Sea: Ripples across the Globe
Dunn, Jason; Leibovici, Fernando (2024-02-15)
Recent attacks on cargo vessels in the Red Sea have disrupted a major shipping lane. This analysis looks at the impact on shipping costs and global trade flows.
On the Economy

Journal Article
U.S. Trade of Semiconductors: Cross-Country Patterns and Historical Dynamics
Leibovici, Fernando; Dunn, Jason (2022-12-07)
How dependent is the U.S. on other countries to access semiconductors? How much has this dependence changed over time? And which countries are key players?
Economic Synopses , Issue 31 , Pages 1-3

Supply Chain Disruptions and Inventory Dynamics
Dunn, Jason; Leibovici, Fernando (2023-08-07)
Firms appear to have moved away from a just-in-time inventory model to one that prioritizes resilience, as reflected in high levels of inventory holdings of intermediate inputs.
On the Economy

Trade Linkages in the Shadow of the Russia-Ukraine War
Dunn, Jason; Leibovici, Fernando (2022-03-29)
Skeptics have raised questions about the future of globalization. Could divisions over the war provide insights into the strength of global trade ties?
On the Economy

Working Paper
Navigating the Waves of Global Shipping: Drivers and Aggregate Implications
Dunn, Jason; Leibovici, Fernando (2023-02)
This paper studies the drivers of global shipping dynamics and their aggregate implications. We document novel evidence on the dynamics of global shipping supply, demand, and prices. Motivated by this evidence, we set up a multi-country dynamic model of international trade with a global shipping market where shipping companies and importers endogenously determine shipping supply and prices. We find the model can successfully account for the dynamics of global shipping observed in the aftermath of COVID-19 and that accounting for these has important implications for the dynamics of aggregate ...
Working Papers , Paper 2023-002

Working Paper
Navigating the Waves of Global Shipping: Drivers and Aggregate Implications
Dunn, Jason; Leibovici, Fernando (2024-02)
This paper studies the drivers of global shipping dynamics and their aggregate implications. We document novel evidence on the dynamics of global shipping supply, demand, and costs. Motivated by this evidence, we set up a dynamic model of international trade with a global shipping market where shipping firms and importers endogenously determine shipping supply and costs. We find the model successfully accounts for the dynamics of global shipping observed in the aftermath of COVID-19 as well as at business cycle frequencies. We find that accounting for global shipping is critical for the ...
Working Papers , Paper 2023-002

Journal Article
Decoupling Where it Matters? US Imports from China in Critical Sectors
Leibovici, Fernando; Dunn, Jason (2024-01-19)
The US has decreased its dependence on imports from China, dropping 7.7 percentage points in the share of total imports since 2017. Critical goods in communications and information technology have been most affected.
Economic Synopses , Issue 1 , Pages 3 pages