Journal Article
Supply Chain Disruptions During the COVID-19 Recession
Santacreu, Ana Maria; LaBelle, Jesse (2022-02-09)
A combination of demand and supply forces caused unprecedented supply chain disruptions during the COVID-19 recession and recovery.
Economic Synopses

Monetary Policy Surprises and Inflation Expectations
Chiang, Yu-Ting; LaBelle, Jesse (2022-10-13)
The private sector may slightly underestimate the short-term impact of monetary policy surprises on inflation but may predict longer-term effects fairly well.
On the Economy

Investigating the U.S. Reliance on Foreign Suppliers
Santacreu, Ana Maria; LaBelle, Jesse (2021-05-13)
As the global production process becomes more fragmented, certain U.S. sectors have come to depend more heavily on foreign suppliers.
On the Economy

Working Paper
Cross-border Patenting, Globalization, and Development
LaBelle, Jesse; Martinez-Zarzoso, Immaculada; Santacreu, Ana Maria; Yotov, Yoto (2024-06)
We build a quantitative model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a ‘structural gravity’ equation for cross-border patents. To test the model’s predictions, we compile a new dataset that tracks patents within and between countries and industries over time. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows between 1995 and 2018, especially from North to South. A counterfactual analysis shows these North-to-South flows benefited both regions, ...
Working Papers , Paper 2023-031

Journal Article
Profit Shifting Through Intellectual Property
Santacreu, Ana Maria; LaBelle, Jesse (2022-07-29)
Patent data can give us insights on profit shifting due to multinationals moving intellectual property to tax havens.
Economic Synopses , Issue 22 , Pages 1-2

The Impact of Tax Differences on Intrafirm Patent Transactions
Santacreu, Ana Maria; LaBelle, Jesse (2023-06-13)
An analysis of global patent transfers found that international tax differences impact patent transactions between parent companies and foreign subsidiaries.
On the Economy

Journal Article
Supply Chain Disruptions and Inflation During COVID-19
Santacreu, Ana Maria; LaBelle, Jesse (2022-05-12)
Supply chain disruptions have contributed to large increases in PPI inflation during the COVID-19 pandemic.
Economic Synopses , Issue 11 , Pages 1-3

Journal Article
Rethinking Global Value Chains During COVID-19: Part 1
Santacreu, Ana Maria; LaBelle, Jesse (2021-07-06)
GVCs can make final goods production less costly and more efficient, but they are not without risks.
Economic Synopses , Issue 16 , Pages 1-2

Journal Article
Technology Transfer and Regional Trade Agreements
Santacreu, Ana Maria; LaBelle, Jesse (2021-09-20)
The growing importance of intellectual property rights in regional trade agreements has been associated with increased technology transfer.
Economic Synopses , Issue 23 , Pages 1-2

Journal Article
Rethinking Global Value Chains During COVID-19: Part 2
Santacreu, Ana Maria; LaBelle, Jesse (2021-07-07)
Recent research shows that GVCs played a large role in the propagation of foreign shocks on U.S. industries.
Economic Synopses , Issue 17 , Pages 1-2