The asymmetric effect of supply chain pressure on inflation

Peter Tillmann

26 citations0/0 files storedEconomics Letters

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Monetary Policy and Economic Impact Market Dynamics and Volatility COVID-19 Pandemic Impacts

Abstract

We estimate the effect of global supply chain disruptions on inflation for a panel of 28 European countries. Adverse shocks have a stronger and more persistent effect than favorable shocks.

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References

1998Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data 2005Estimation and Inference of Impulse Responses by Local Projections 2020Energy Markets and Global Economic Conditions 2022The GSCPI: A New Barometer of Global Supply Chain Pressures 2024Global supply chain pressures, inflation, and implications for monetary policy 2022Shipping costs and inflation 2001Production chains and general equilibrium aggregate dynamics 2023New supply bottlenecks index based on newspaper data.

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2025Do geopolitical risks impede the global supply chain?

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