Data And Code for: Supply Disruptions and Fiscal Stimulus: Transmission through Global Value Chains

Principal Investigator(s): View help for Principal Investigator(s) Francois de Soyres, Board of Governors of the Federal Reserve System; Alexandre Gaillard, Brown University; Ana Maria Santacreu, Federal Reserve Bank of Saint Louis; Dylan Moore, Board of Governors of the Federal Reserve System

Version: View help for Version V1

Name	File Type	Size	Last Modified
code			03/06/2024 02:21:PM
data			03/06/2024 02:21:PM
figure			03/06/2024 02:29:PM
readme.txt	text/plain	3.7 KB	03/10/2024 08:32:AM

Project Description

Summary: We study the impact of demand and supply factors on bottlenecks and inflation during the COVID-19 pandemic. Initial policy interventions, from lockdowns to fiscal stimuli, triggered shifts in consumer spending and supply chain disruptions. The reopening of economies normalized consumption patterns, but attributing bottlenecks to specific factors remains challenging due to diverse policy responses. The paper empirically integrates fiscal spending, mobility measures, and supply constraints to analyze interconnected factors influencing bottlenecks and inflation internationally. We find an important role of fiscal shocks and international propagation of demand and supply forces in shaping bottlenecks and inflation dynamics.

Scope of Project

JEL Classification:
      E20 Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
      E62 Fiscal Policy
      F41 Open Economy Macroeconomics

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Published Versions

V1 [2024-04-24]

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