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220928 ||| eng |
020 |
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|a 9781616356897
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100 |
1 |
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|a Boranova, Vizhdan
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245 |
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0 |
|a Cars in Europe: Supply Chains and Spillovers during COVID-19 Times
|c Vizhdan Boranova, Raju Huidrom, Ezgi Ozturk, Ara Stepanyan, Petia Topalova, Shihangyin (Frank) Zhang
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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300 |
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|a 42 pages
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651 |
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4 |
|a Slovak Republic
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653 |
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|a Health
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653 |
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|a Industries: Automobile
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653 |
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|a Economics
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653 |
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|a Infectious & contagious diseases
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653 |
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|a Financial sector policy and analysis
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653 |
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|a Covid-19
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653 |
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|a Related Parts and Equipment
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653 |
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|a Labor
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653 |
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|a Economics of specific sectors
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653 |
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|a Currency crises
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653 |
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|a Macroeconomics
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653 |
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|a Transport industries
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653 |
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|a Economic theory
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653 |
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|a Diseases: Contagious
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653 |
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|a Other Transportation Equipment
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653 |
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|a Communicable diseases
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653 |
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|a Income economics
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653 |
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|a International finance
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653 |
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|a Supply and demand
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Externalities
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653 |
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|a Economic Theory
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653 |
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|a Labour
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653 |
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|a Economics: General
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653 |
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|a Automobiles
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653 |
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|a Supply shocks
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653 |
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|a Informal sector
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653 |
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|a Automobile industry
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653 |
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|a Economic theory & philosophy
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653 |
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|a Demand and Supply of Labor: General
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653 |
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|a Economic sectors
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653 |
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|a Health Behavior
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653 |
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|a Spillovers
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653 |
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|a Labor supply
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653 |
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|a Automobile industry and trade
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653 |
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|a Labor market
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653 |
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|a Prices
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653 |
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|a Agriculture: Aggregate Supply and Demand Analysis
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700 |
1 |
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|a Huidrom, Raju
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700 |
1 |
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|a Ozturk, Ezgi
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700 |
1 |
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|a Stepanyan, Ara
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781616356897.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2022/006/001.2022.issue-006-en.xml?cid=511743-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a The auto sector is macro-critical in many European countries and constitutes one of the main supply chains in the region. Using a multi-sector and multi-country general equilibrium model, this paper presents a quantitative assessment of the impact of global pandemic-induced labor supply shocks—both directly and via supply chains—during the initial phase of the COVID-19 pandemic on the auto sector and aggregate activity in Europe. Our results suggest that these labor supply shocks would have a significant adverse impact on the major auto producers in Europe, with one-third of the decline in the value added of the car sector attributable to spillovers via supply chains within and across borders. Within borders, the pandemic-induced labor supply shocks in the services sector have a bigger adverse impact, reflecting their larger size and associated demand effects. Across borders, spillovers from the pandemic-induced labor supply shocks that originate in other European countries are larger than those that originate outside the region, though the latter are still sizable
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