The Inflationary Effects of Global Supply Chain Shocks: Evidence from Swedish Microdata

David Finck (), Mathias Klein () and Peter Tillmann ()
Additional contact information
David Finck: Deutsche Bundesbank
Mathias Klein: Research Department, Central Bank of Sweden, Postal: Sveriges Riksbank, SE-103 37 Stockholm, Sweden
Peter Tillmann: University of Giessen

No 470, Working Paper Series from Sveriges Riksbank (Central Bank of Sweden)

Abstract: We compile a unique dataset linking micro price data underlying the official Swedish producer price index with administrative firm level data and provide new evidence on the inflationary effects of global supply chain shocks. For identification, we interact exogenous shocks to global supply chains, obtained through a VAR model, with firm specific import shares. Shocks to global supply chains lead to a signif icant and persistent increase in producer prices with a peak response after two years. Importantly, average responses mask heterogeneous responses across firms. Relatively larger firms, firms with lower labor costs and a higher market share raise prices more strongly.

Keywords: Global supply chain shocks; producer prices; microdata; firm characteristics; price setting (search for similar items in EconPapers)
JEL-codes: E31 F14 F61 (search for similar items in EconPapers)
Pages: 62 pages
Date: 2026-08-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.riksbank.se/globalassets/media/rapport ... wedish-microdata.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:rbnkwp:0470

Access Statistics for this paper

More papers in Working Paper Series from Sveriges Riksbank (Central Bank of Sweden) Sveriges Riksbank, SE-103 37 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Lena Löfgren ().