This paper investigates the impact of participation in global value chains (GVCs) on inflation for a sample of 29 OECD economies from 2000 to 2018. Overall, our empirical analysis finds that participation in GVCs increases inflation, which is driven by forward participation, whereas backward...

This report uses data on individual smart phones as well as industry data to identify which smartphone firms capture the most value. It finds that Apple captures most of the industry profits, thanks to its high prices, large profit margins and the volume of iPhone sales worldwide. Apple's...

Today’s production processes are fragmented across countries and industries. Intangibles play an important role, but their measurement is elusive. Their use is not bound by a location and they can be shared across plants. We propose a new empirical framework to measure factor incomes in...