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Journal Article
Supply Chain Bottlenecks and Inflation: The Role of Semiconductors
Semiconductor shortages might be exacerbating supply chain bottlenecks, further fueling inflation.
Journal Article
A Shutoff of Russian Natural Gas
A shutoff of Russian natural gas to Europe will produce heterogenous effects that reflect local winter weather, national dependence on such flows, and policy responses.
Journal Article
U.S. Trade of Semiconductors: Cross-Country Patterns and Historical Dynamics
How dependent is the U.S. on other countries to access semiconductors? How much has this dependence changed over time? And which countries are key players?
Journal Article
The Increased Tradability of Natural Gas
Technological developments have increased the tradability of natural gas. Researchers Leibovici and Dunn identify potential bottlenecks that may limit growth in this market.
Journal Article
US Barriers to International Trade of Goods: Tariffs and Non-Tariff Measures
US imports are obstructed by both tariffs and non-tariff measures, which vary significantly across industries.
Journal Article
International Trade Dependence and Inventory Dynamics
US manufacturers that source their intermediate inputs from abroad have been more likely to increase their inventories in the aftermath of unexpected events and heightened uncertainty.
Journal Article
Decoupling Where it Matters? US Imports from China in Critical Sectors
The US has decreased its dependence on imports from China, dropping 7.7 percentage points in the share of total imports since 2017. Critical goods in communications and information technology have been most affected.
Journal Article
The Impact of Inflation’s Wealth Transfer Effect
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.
Journal Article
International Shipping Costs: Determinants and Outlook
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.
Journal Article
Systemic Financial Risks, Macroprudential Tools and Monetary Policy
An analysis describes macroprudential tools used to reduce systemic financial risks and examines how such tools could be useful adjuncts to monetary policy.