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  • 1
    Online Resource
    Online Resource
    The causal effects of global supply chain disruptions on macroeconomic outcomes : evidence and theory (26)
    London : Centre for Economic Policy Research
    Details
    UID:
    gbv_1879851806
    Format: 1 Online-Ressource (circa 175 Seiten) , Illustrationen
    Series Statement: Discussion paper series / Centre for Economic Policy Research DP18785
    Content: We study the causal effects and policy implications of global supply chain disruptions. We construct a new index of supply chain disruptions from the mandatory automatic identification system data of container ships, developing a novel spatial clustering algorithm that determines real-time congestion from the position, speed, and heading of container ships in major ports around the globe. We develop a model with search frictions between producers and retailers that links spare productive capacity with congestion in the goods market and the responses of output and prices to supply chain shocks. The co-movements of output, prices, and spare capacity yield unique identifying restrictions for supply chain disturbances that allow us to study the causal effects of such disruptions. We document how supply chain shocks drove inflation during 2021 but that, in 2022, traditional demand and supply shocks also played an important role in explaining inflation. Finally, we show how monetary policy is more effective in taming inflation after a global supply chain shock than in regular circumstances.
    Language: English
    Keywords: Graue Literatur
    URL: Deutschlandweit zugänglich
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Stabi Berlin
    UB Potsdam
  • 2
    Online Resource
    Online Resource
    The agricultural exodus in the Philippines : are wage differentials driving the process? (2021)
    [Washington, D.C.] : International Monetary Fund
    Details
    UID:
    gbv_1786051605
    Format: 1 Online-Ressource (circa 58 Seiten) , Illustrationen
    ISBN: 9781513590097
    Series Statement: IMF working paper WP/21, 220
    Content: Lagging labor reallocations outside agriculture amid sustained low agricultural productivity have been a key feature in the Philippines over the past 15 years. An analysis of the labor adjustments in and out of agriculture shows that a variety of factors have influenced this process. We find that the widening of wage differentials with non-agricultural sectors, improvements in labor market efficiency, and better transport infrastructure are largely associated with growing outflows of labor from agriculture, whilst the lack of post-primary education and the presence of agricultural clusters hinder such outflows. In contrast to the traditional view that agricultural employment outflows are largely driven by productivity differences and wage differentials, our results emphasize the roles of education as well as transport infrastructure in facilitating labor reallocations from agriculture to non-agriculture
    Additional Edition: Erscheint auch als Druck-Ausgabe Cerutti, Eugenio The Agricultural Exodus in the Philippines: Are Wage Differentials Driving the Process? Washington, D.C. : International Monetary Fund, 2021 ISBN 9781513590097
    Language: English
    Keywords: Graue Literatur
    DOI: 10.5089/9781513590097.001
    URL: kostenfrei
    URL: kostenfrei
    URL: kostenfrei
    URL: kostenfrei
    Author information: Cerutti, Eugenio M. 1975-
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Open Access Request
    Stabi Berlin
  • 3
    Online Resource
    Online Resource
    The Agricultural Exodus in the Philippines: Are Wage Differentials Driving the Process? / (2021)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9960178746702883
    Format: 1 online resource (58 pages)
    ISBN: 1-5135-9624-1
    Series Statement: IMF Working Papers
    Content: Lagging labor reallocations outside agriculture amid sustained low agricultural productivity have been a key feature in the Philippines over the past 15 years. An analysis of the labor adjustments in and out of agriculture shows that a variety of factors have influenced this process. We find that the widening of wage differentials with non-agricultural sectors, improvements in labor market efficiency, and better transport infrastructure are largely associated with growing outflows of labor from agriculture, whilst the lack of post-primary education and the presence of agricultural clusters hinder such outflows. In contrast to the traditional view that agricultural employment outflows are largely driven by productivity differences and wage differentials, our results emphasize the roles of education as well as transport infrastructure in facilitating labor reallocations from agriculture to non-agriculture.
    Additional Edition: ISBN 1-5135-9009-X
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Charité
  • 4
    Online Resource
    Online Resource
    The Agricultural Exodus in the Philippines: Are Wage Differentials Driving the Process? / (2021)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9960178746702883
    Format: 1 online resource (58 pages)
    ISBN: 1-5135-9624-1
    Series Statement: IMF Working Papers
    Content: Lagging labor reallocations outside agriculture amid sustained low agricultural productivity have been a key feature in the Philippines over the past 15 years. An analysis of the labor adjustments in and out of agriculture shows that a variety of factors have influenced this process. We find that the widening of wage differentials with non-agricultural sectors, improvements in labor market efficiency, and better transport infrastructure are largely associated with growing outflows of labor from agriculture, whilst the lack of post-primary education and the presence of agricultural clusters hinder such outflows. In contrast to the traditional view that agricultural employment outflows are largely driven by productivity differences and wage differentials, our results emphasize the roles of education as well as transport infrastructure in facilitating labor reallocations from agriculture to non-agriculture.
    Additional Edition: ISBN 1-5135-9009-X
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
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