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

Journal Article
US Barriers to International Trade of Goods: Tariffs and Non-Tariff Measures
Leibovici, Fernando; Dunn, Jason (2023-04-28)
US imports are obstructed by both tariffs and non-tariff measures, which vary significantly across industries.
Economic Synopses , Issue 9 , Pages 3 pages

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

Journal Article
The Impact of Inflation’s Wealth Transfer Effect
Chien, YiLi; Dunn, Jason (2022-08-25)
Recent inflation in a set of advanced economies significantly reduced the purchasing power of assets like checking accounts and transferred wealth from lenders to borrowers.
The Regional Economist

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

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

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

Working Paper
Navigating the Waves of Global Shipping: Drivers and Aggregate Implications
Leibovici, Fernando; Dunn, Jason (2024-08)
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, at business cycle frequencies, and following shipping disruptions in the Red Sea. Accounting for global ...
Working Papers , Paper 2023-002

Journal Article
International Shipping Costs: Determinants and Outlook
Leibovici, Fernando; Dunn, Jason (2022-11-21)
The COVID-19 period saw a huge rise in international shipping costs, but price pressure is likely to ease further as containerships on order are built and delivered.
The Regional Economist

Journal Article
The Increased Tradability of Natural Gas
Leibovici, Fernando; Dunn, Jason (2022-12-15)
Technological developments have increased the tradability of natural gas. Researchers Leibovici and Dunn identify potential bottlenecks that may limit growth in this market.
Economic Synopses , Issue 32 , Pages 1-3