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The GSCPI: a new barometer of global supply chain pressures

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Authors and Corporations: Benigno, Gianluca (Author), Di Giovanni, Julian (Author), Groen, Jan J. J. (Author), Noble, Adam I. (Author)
Other Authors: Di Giovanni, Julian [Author] • Groen, Jan J. J. [Author] • Noble, Adam I. [Author]
Type of Resource: E-Book
Language: English
published:
New York, NY Federal Reserve Bank of New York [2022]
Series: Federal Reserve Bank of New York: Staff reports ; no. 1017 (May 2022)
Subjects:
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: We propose a novel indicator to capture pressures that arise at the global supply chain level, the Global Supply Chain Pressure Index (GSCPI). The GSCPI provides a new monitoring tool to gauge global supply chain conditions. We assess the index's capacity to explain inflation outcomes, using the local projection method. Our analysis shows that recent inflationary pressures are closely related to the behavior of the GSCPI, especially at the level of producer price inflation in the United States and the euro area.
Physical Description: 1 Online-Ressource (circa 22 Seiten); Illustrationen