In September 2022, the diffusion indices of wages and of the order-book level looked quite optimistic – 54% and 53% correspondingly. The diffusion index of output decreased by 11 percentage points, but this year this indicator is particularly unstable. The diffusion indices of the expected in...

We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...

In the current context, where a large part of international trade in goods and services is linked to global production chains, the policy course to reap the gains from this trade differs according to the point of view adopted. While from a country's point of view, the strategy is to join global...

This paper studies the effect of a local sectoral productivity shock on subnational structural transformation. The analysis is based on regional input-output tables constructed for 2004 and 2013 and available censuses of firms in 2003 and 2013 for Ghana. Based on the data, the analysis confirms...

The Basel Committee recommended the use of input-output tables to properly measure climate risks. However, the majority of previous studies only limits the use of input-output tables to carbon emissions and this is not applied in climate risk ratings. The existing climate (E) risk ratings...

AbstractHousehold consumption accounts for the largest share of the global anthropogenic greenhouse gases (GHG) emissions. The literature assessing the environmental impacts of household consumption is mostly focused on developed economies, thus, leaving a critical gap when it comes to assessing...