Inflation Dynamics And Global Value Chains

DOWNLOAD

Download Inflation Dynamics And Global Value Chains PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Inflation Dynamics And Global Value Chains book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Global Value Chain And Inflation Dynamics

DOWNLOAD
Author : Vu Chau
language : en
Publisher: International Monetary Fund
Release Date : 2024-03-22

Global Value Chain And Inflation Dynamics written by Vu Chau and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-22 with Business & Economics categories.

We study the inflationary impacts of pandemic lockdown shocks and fiscal and monetary stimulus during 2020-2022 using a novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 countries. The inflationary impact of shocks is identified via a Bartik shift-share design, where shares reflect the heterogeneous sectoral exposure to shocks and are derived from a macroeconomic model of international production network. We find that pandemic lockdowns, and subsequent reopening policies, were the most dominant driver of global inflation in this period, especially through their impact on aggregate demand. We provide a decomposition of lockdown shock by sources, and find that between 20-30 percent of the demand effect of lockdown/reopening is due to spillover from abroad. Finally, while fiscal and monetary policies played an important role in preventing deflation in 2020, their effects diminished in the recovery years.

An Investment Perspective On Global Value Chains

DOWNLOAD
Author : Christine Zhenwei Qiang
language : en
Publisher: World Bank Publications
Release Date : 2021-06-25

An Investment Perspective On Global Value Chains written by Christine Zhenwei Qiang and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-25 with Business & Economics categories.

This report investigates the role of foreign direct investment (FDI) in helping developing countries participate in global value chains (GVCs). It combines the perspectives and strategies from three types of players: multinational corporations, domestic firms and governments. It aims to provide practical guidance for developing countries to develop strategies that use FDI to strengthen GVC participation and upgrading. The report has six main chapters: 1.FDI and GVCs. Assesses the trade-investment nexus and analyzes the effect of FDI in countries’ GVC participation and upgrading at the country level. 2.MNCs shape GVC development. Highlights MNCs' contribution to global economy and how their business strategies shape the evolution of GVCs. The chapter also compares MNCs' business strategies in terms of outsourcing and offshoring, risk mitigation and increasing market power across GVC archetypes. 3.Domestic firm perspectives on GVC participation. Looks at the various paths domestic firms can take to internationalize their production and trade. Investigates domestic firm characteristics that predict higher GVC participation, and the effect of GVC participation on firm performance. 4.Investment policy and promotion: what is in a government’s toolbox? Summarizes the various policy instruments governments have at their disposal to help attract MNCs to their country and facilitate GVC participation of domestic firms. 5.Integrating countries into GVCs. Draws on a range of case studies to illustrate how governments can develop coherent strategies and policy packages to integrate their countries into GVCs.6.FDI and GVCs in the wake of COVID-19. Reflects the impact of COVID-19 on FDI and GVCs, the response from multinationals and suppliers, and the implications for GVC reconfiguration. In addition, there are seven case studies that offer more nuanced analysis on the GVC participation in selected countries and sectors:•Five qualitative case studies: Five countries have been selected that managed to use FDI to stimulate GVC participation using a range of approaches. By design, these five countries also cover five different GVC archetypes. These countries are: (1) Kenya (horticulture); (2) Dominican Republic (textiles); (3) Mauritius (tourism); (4) Malaysia (electronics); (5) China (software).•Two quantitative case studies: Rwanda, West-Bengal (India). These use a combination of firm- and transaction level datasets to study firm-level dynamics that explain the role of multinational and domestic firms across GVCs.

Inflation Dynamics And Global Value Chains

DOWNLOAD
Author : François de Soyres
language : en
Publisher:
Release Date : 2020

Inflation Dynamics And Global Value Chains written by François de Soyres and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Inflation (Finance) categories.

"The global economy has witnessed a decline in inflation and an increase in inflation synchronization since the early 1980s. This paper investigates the relationship between inflation synchronization and trade integration, and documents the strong link between inflation co-movement and Global Value Chain (GVC) participation. Using 35 years and both gross and value-added trade flows, evidence shows that an increase in production linkages, as proxied by trade in intermediate inputs, is strongly associated with higher inflation correlation. Moreover, backward GVC participation is associated with an increase in bilateral inflation co-movement while forward participation is linked with a higher correlation between domestic and worldwide inflation. The paper also finds evidence of the effect of trade integration in decreasing inflation levels."--Abstract.

Reshaping Global Value Chains In Light Of Covid 19

DOWNLOAD
Author : Paul Brenton
language : en
Publisher: World Bank Publications
Release Date : 2022-04-18

Reshaping Global Value Chains In Light Of Covid 19 written by Paul Brenton and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-18 with Business & Economics categories.

Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries over the past three decades. Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries examines the economic impact of the COVID-19 (coronavirus) pandemic on GVCs and explores whether they can continue to be a driver of trade and development. The book undertakes the following:•Assesses what the impact of previous crises, such as the global financial crisis of 2008–09, can say about of the resilience of GVC firms to shocks •Examines what high-frequency data on trade flows can show about the impact of COVID-19 during the sharp global recession of 2020•Uses discussions with GVC firms to gain a deeper understanding of the impacts of—and their responses to—the COVID-19 shock •Explores simulations from a global economic model to assess the potential longer-term impacts of COVID-19 on low- and middle-income countries and key factors shaping the global economy, including the evolving role of China, the rise of trade restrictions, and policy responses to global warming•Asks what steps countries and international institutions can take to enhance the resilience of GVCs in low-income countries to future shocks.The analysis shows that well-operating GVCs are a source of resilience more than a source of vulnerability. Moreover, steps to maintain and enhance trade contribute to managing a crisis and recovery, while measures to reshore production make all countries worse off. This economic crisis offers countries an opportunity to reshape the global economy into a greener, more resilient, and inclusive system that is better equipped for a changing world. Trade is a powerful tool for achieving this aim.

Understanding Inflation Dynamics The Role Of Global Shocks In Cemac

DOWNLOAD
Author : Johanna Tiedemann
language : en
Publisher: International Monetary Fund
Release Date : 2024-03-08

Understanding Inflation Dynamics The Role Of Global Shocks In Cemac written by Johanna Tiedemann and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-08 with Business & Economics categories.

As in the rest of the world, inflation in CEMAC surged more quickly and persistently than expected during the 2021–23 period. This paper examines the drivers of inflation dynamics and the contribution of global shocks to inflation persistence in CEMAC. We use a Phillips curve framework combined with the local projections method. Our results confirm the prominent role of global factors in driving inflation dynamics. Global commodity food and oil price fluctuations, and shipping costs are the main factors explaining the large variability in headline inflation. Further, we find that global price shocks have sizable and persistent effects on domestic headline inflation, with differences in the magnitude and speed of pass-through. The pass-through from commodity food price fluctuations to headline inflation is higher and more persistent than that of other global price shocks, reflecting the large share of food in the consumption baskets, which makes inflation more vulnerable to direct effects of international food shocks, but also larger second-round effects.

Research Handbook On Inflation

DOWNLOAD
Author : Guido Ascari
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-06-09

Research Handbook On Inflation written by Guido Ascari and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-09 with Business & Economics categories.

This Research Handbook provides a comprehensive overview of the multifaceted landscape of inflation studies, policy, and practice. Analysing theoretical and empirical literature on measuring inflation and on the drivers of inflation dynamics, it sheds light on developments in monetary policy over the past two decades.

Global Value Chains And Development

DOWNLOAD
Author : Gary Gereffi
language : en
Publisher: Cambridge University Press
Release Date : 2018-09-10

Global Value Chains And Development written by Gary Gereffi and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-10 with Business & Economics categories.

Globalization has transformed how nations, firms and workers compete in the international economy over the past half century. This book by Gary Gereffi, one of the founders of the global value chains (GVC) framework, traces the emergence of arguably the most influential approach used to analyze globalization and its impacts. It studies the conceptual foundations of GVC analysis, the twin pillars of 'governance' and 'upgrading', along with detailed case studies of China, Mexico and other emerging economies as main beneficiaries of export-oriented industrialization, and addresses potential solutions to the deleterious impact of globalization on workers and communities.

Measuring And Analyzing The Impact Of Gvcs On Economic Development

DOWNLOAD
Author : World Trade Organization
language : en
Publisher: World Trade Organization
Release Date : 2017

Measuring And Analyzing The Impact Of Gvcs On Economic Development written by World Trade Organization and has been published by World Trade Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Political Science categories.

This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.

Handbook On Global Value Chains

DOWNLOAD
Author : Stefano Ponte
language : en
Publisher: Edward Elgar Publishing
Release Date : 2019

Handbook On Global Value Chains written by Stefano Ponte and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.

Global value chains (GVCs) are a key feature of the global economy in the 21st century. They show how international investment and trade create cross-border production networks that link countries, firms and workers around the globe. This Handbook describes how GVCs arise and vary across industries and countries, and how they have evolved over time in response to economic and political forces. With chapters written by leading interdisciplinary scholars, the Handbook unpacks the key concepts of GVC governance and upgrading, and explores policy implications for advanced and developing economies alike. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}

The 2020 2022 Inflation Surge Across Europe A Phillips Curve Based Dissection

DOWNLOAD
Author : Chikako Baba
language : en
Publisher: International Monetary Fund
Release Date : 2023-02-10

The 2020 2022 Inflation Surge Across Europe A Phillips Curve Based Dissection written by Chikako Baba and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-10 with Business & Economics categories.

In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers’ forecasts and surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its variation across countries. The analysis highlights significant differences in Phillips curve parameters across Europe’s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to their advanced counterparts, which contributed to a greater passthrough of global commodity price shocks into domestic prices, and, consequently, to larger increases in inflation rates. Across Europe, inflation also appears to have become increasingly backward looking and more sensitive to commodity price shocks since the onset of the COVID-19 pandemic. This finding helps explain why conventional (Phillips curve) inflation models consistently underpredicted the 2021-2022 inflation surge, although it remains too early to conclude there has been a structural break in the inflation process.