This paper provides new evidence on reshoring and plant closures exploiting a novel dataset of Italian multinational firms surveyed throughout 2020 and 2021, the years of the Covid-19 pandemic. We find that Covid-19 did not spur large waves of reshoring nor plant closures. Even though the...

This paper provides new evidence on reshoring and plant closures ex-ploiting a novel dataset of Italian multinational firms surveyed throughout 2020 and 2021, the years of the Covid-19 pandemic. We find that Covid-19 did not spur large waves of reshoring nor plant closures. Even though the...

We provide a quantification of the impact through international trade of the restrictive measures and related trade disruptions following the Russian invasion of Ukraine. We first exploit the multi-sector, multi-country, general equilibrium trade model by Antràs and Chor (2018). In this...

Since the mid-1980s, multinational firms and their global value chains (GVCs) have become increasingly important for the world economy. Not surprisingly, the pandemic has fuelled a debate among academics and policy makers on the relationship between COVID-19 and GVCs, and particularly on whether...

We study how the effect of global and domestic factors on capital flows towards emerging economies has changed in the last 25 years. We find that both the global financial crisis and the so-called ‘taper tantrum' event, when investors perceived the end of the US Federal Reserve's...