Greater international economic interconnectedness over recent decades has been changing inflation dynamics. This paper presents evidence that the expansion of global value chains (GVCs), ie cross-border trade in intermediate goods and services, is an important channel through which global...

We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output...

Brazil continues as one of the largest producers of beef, pork and chicken. In terms of fish production, the performance is lower than expected, presenting low insertion in the domestic and international markets. Since 2004, national aquaculture production (particularly Tilapia) has grown 14.2%...