Search Results

SORT BY: PREVIOUS / NEXT
Author:Flaaen, Aaron 

Working Paper
An Anatomy of U.S. Establishments’ Trade Linkages in Global Value Chains

Global value chains (GVC) are a pervasive feature of modern production, but they are hard to measure. Using U.S. Census microdata, we develop novel measures of the linkages between U.S. manufacturing establishments’ imports and exports. We document three new GVC patterns. First, for every dollar of exports, imported inputs represent 13 cents in 2002 and 20 cents by 2017, substantially higher than what aggregate data suggests. Second, we find strong complementarities between input and output markets reflected in “round-trip” trade linkages where an establishment sources inputs from and ...
Working Papers , Paper 2419

Discussion Paper
The Role of Global Supply Chains in the Transmission of Shocks: Firm-Level Evidence from the 2011 Tōhoku Earthquake

The April 2016 Kumamoto earthquake in southwest Japan has sent ripple effects through global supply chains. Toyota, Honda and Sony halted most Japanese production following the quake, and more recently General Motors announced production stoppages at four North American plants, citing parts shortages. Such far-reaching consequences of natural disasters are not without precedent.
FEDS Notes , Paper 2016-05-02

Discussion Paper
Supply vs Demand Factors Influencing Prices of Manufactured Goods

The strong surge and rapid retreat of U.S. goods price inflation during 2021-2023 has occupied the forefront of economic policy discussions, and debate on the primary causes continues. Some commentators point to widespread supply bottlenecks and adverse geo-political events that caused significant disruption to the production and availability of manufactured goods.
FEDS Notes , Paper 2024-02-23-1

Working Paper
The Role of Transfer Prices in Profit-Shifting by U.S. Multinational Firms : Evidence from the 2004 Homeland Investment Act

Using unique transaction-level microdata, this paper documents profit-shifting behavior by U.S. multinational firms via the strategic transfer pricing of intra-firm trade. A simple model reveals how differences in tax rates, both the corporate tax rates across countries and the dividend repatriation tax rate over time, affect the worldwide profit-maximizing transfer-prices set by firms for intra-firm exports and imports. I test the predictions of the model in the context of the 2004 Homeland Investment Act (HIA), a one-time tax repatriation holiday which generated a discreet change in the ...
Finance and Economics Discussion Series , Paper 2017-055

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

F14 3 items

C55 2 items

C81 2 items

D22 2 items

E32 2 items

F1 1 items

show more (12)

PREVIOUS / NEXT