02035cas a2200253 a 4500 AALejournalIMF021427 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513564746 1018-5941 BD-DhAAL BD-DhAAL Cerdeiro, Diego. Supply Spillovers During the Pandemic : Evidence from High-Frequency Shipping Data / Diego Cerdeiro, Andras Komaromi. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in international supply chains were widely reported as governments imposed containment measures (lockdowns) to halt the spread of the disease. At the same time, demand declined as households and firms scaled back spending. This paper attempts to disentangle the supply and demand channels in trade by quantifying the causal effect of supply spillovers from lockdowns. We utilize a novel dataset of daily bilateral seaborne trade, and design a shift-share identification strategy that leverages geography-induced cargo delivery lags to track the transmission of supply disruptions across space. We find strong but short-lived supply spillovers of lockdowns through international trade. Moreover, the evidence is suggestive of the downstream propagation of countries' lockdowns through global supply chains. Mode of access: Internet Komaromi, Andras. IMF Working Papers; Working Paper ; No. 2020/284 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/284/001.2020.issue-284-en.xml IMF e-Library