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Journal Article
Supply Chain Disruptions and Inflation During COVID-19
Supply chain disruptions have contributed to large increases in PPI inflation during the COVID-19 pandemic.
Journal Article
Rethinking Global Value Chains During COVID-19: Part 2
Recent research shows that GVCs played a large role in the propagation of foreign shocks on U.S. industries.
Journal Article
Global Supply Chain Disruptions and Inflation During the COVID-19 Pandemic
We investigate the role supply chain disruptions during the COVID-19 pandemic played in U.S. producer price index (PPI) inflation. We exploit pre-pandemic cross-industry variation in sourcing patterns across countries and interact it with measures of international supply chain bottlenecks during the pandemic. We show that exposure to global supply chain disruptions played a significant role in U.S. cross-industry PPI inflation between January and November 2021. If bottlenecks had followed the same path as in 2019, PPI inflation in the manufacturing sector would have been 2 percentage points ...
How Much Are We “Taxed” by Surprise Inflation?
When inflation surprises to the upside, borrowers pay back less in real terms. And Uncle Sam is America’s biggest borrower.
Journal Article
Geographic Patterns of Innovation Across U.S. States: 1980-2010
The distribution of innovation in the United States has become more concentrated and has shifted to the West.
Journal Article
Rethinking Global Value Chains During COVID-19: Part 1
GVCs can make final goods production less costly and more efficient, but they are not without risks.
Journal Article
Geographic Dispersion in U.S. Employment
In the U.S., 112 of more than 3,000 counties accounted for 50% of employment in 2020.
Journal Article
Supply Chain Disruptions During the COVID-19 Recession
A combination of demand and supply forces caused unprecedented supply chain disruptions during the COVID-19 recession and recovery.
Journal Article
Profit Shifting Through Intellectual Property
Patent data can give us insights on profit shifting due to multinationals moving intellectual property to tax havens.
Transfer Pricing of Intangible Assets: Evidence from Patent Data
To reduce their tax exposure, multinationals may seek to shift profits to countries with lower tax rates. Do patents play a role in this strategy?