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Integration in global value chains might not increase exposure to risk after all

Environmental, political, economic, and health disruptions in recent years have helped fuel concerns that too much interdependence through global value chains may be a problem. This column compares the relative effects of a domestic demand shock to those of a global value chain-related shock and concludes that engagement in global value chains allows unexpected shocks to ....

Gvcs Ferrari , Journal Of International Economics , Production Networks , Propagation Of Idiosyncratic Shocks In Production Networks , World Bank , World Integrated Trade Solutions , World Bank Policy Research Working Paper , Herfindahl Hirschman Index , Global Supply Chains , What We Know , What We Need , Annual Review , Chain Trade , Global Patterns , Several Testable , World Economy , Macroeconomic Impact , Microeconomic Shocks , Beyond Hulten , Idiosyncratic Shocks , Quarterly Journal , Economic Analysis , Inter Country Input Output , Stata Journal , Banque De France Working Paper , Supply Chains ,

Measuring countries and sectors in GVCs

There is no doubt that the production of goods and services has become increasingly globalized since the 1970s, but this trend is one that is hard to measure. Ideally, the best way would be to use firm-level trade and census data across countries, but such data are very rare. ....

United States , World Bank , District Of Columbia , New South Wales , World Bank Integrated Trade Solution , Economic Systems Research , International Production , Handbook Of International Economics , Asian Development Bank , University Of Sydney , Organization For Economic Cooperation , Journal Of International Economics , World Bank Economic , Research Working Paper , University Of Groenigen , World Input Output Database , Value Added , Economic Cooperation , Supply Chain , World Integrated Trade Solution , Inter Country Input Output , Conceptual Aspects , Global Value , World Bank Economic Review , Supply Chain Trade , Global Patterns ,

"Hic sunt leones" – open research questions on the international dimension of central bank digital currencies

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

United States , Hong Kong , Fabio Panetta , Centre For Economic Policy Research , European Central Bank , Executive Board , International Finance , Macroeconomics Program , Central Bank Research Association , Haver Analytics , Economic Analysis , Inter Country Input Output , Stata Journal , Paper Series , Economic Policy Research ,