Meyer, Brent H.; Prescott, Brian C.; Sheng, Xuguang - 2023
wore on, firms' one-year-ahead unit cost expectations rose sharply alongside their views on supply chain and operating … shocks (for example, large order backlogs) and negative supply shocks (such as long supplier delivery times and labor … shortages) have contributed to elevated short-term unit cost expectations and risk. Specifically, supply shocks accounted for …